Business Headlines Morocco

Morocco: New roadmap to promote tourism

The Ministry of Tourism has elaborated a new roadmap covering the 2020-2022 period to promote the sector, which took the brunt of the crisis entailed by the COVID-19 pandemic. The roadmap, presented by Tourism Minister Nadia Fettah Alaoui, during the government Council meeting held on Thursday, aims at laying the foundations for a sustainable transformation […]

Business Europe Headlines International Maghreb Morocco

Oxford Business Group highlights mobilization of Moroccan industry to respond to Covid-19

The agility of the Moroccan private sector in adapting its production chain to respond to the Covid-19 pandemic was highlighted in a recent report by the Oxford Business Group, which stressed Morocco’s “significant strides” in diversifying and strengthening its economy and industry. The London-based institute commends Morocco for its early and swift response and for […]

Business Headlines Morocco

Morocco: No holidaying abroad in 2020 for cabinet members, senior officials

Head of the Moroccan government Saad Eddine El Otmani asked cabinet members and senior officials to stay in Morocco during the summer holidays and rest of 2020. A notice was issued in this regard with the goal of encouraging state officials to spend their holidays in Morocco to boost domestic tourism hit hard by the […]

Americas Business Headlines International Morocco

Morocco’s accession to Andean Community to strengthen cooperation between two sides – Secretary General

The observer status granted to Morocco within the Andean Community at the 20th meeting of the Andean Presidential Council held recently in the Colombian capital Bogotá, will contribute to strengthen relations as well as cooperation between the two parties in all areas, particularly the economic sector, according to the secretary general of this regional grouping, […]

Business Headlines Morocco

New development model should end oligopoly and foster fair competition – regulator says

The competition council called for putting an end to monopolies that created an oligopolistic situation in Morocco, citing the sectors of fuel distribution, banks, insurance companies and cement producers. In its annual report for 2019, the first since the council’s reactivation the same year, the council recommended for the new development model to break up […]

Finance Headlines Morocco

Morocco earmarks $623 bln in aid to RAM

Morocco’s Royal Air Maroc, which has been hit hard by the coronavirus pandemic, will receive 6 billion dirhams (623 million dollars) from the government as part of a bailout plan. Speaking to members of the Upper House, Finance Minister Mohamed Benchaaboun said that the aid is part of state assistance to public enterprises in disarray […]

Business Headlines Maghreb Morocco

Morocco touts its sustainable development achievements

The Moroccan government has underlined the progress made towards achieving the 17 Sustainable Development Goals (SDGs), a roadmap set by the international community for building a better and more sustainable future for all by 2030. Rabat has pledged to achieve the SDGs, which aim to end poverty, protect the planet, create job opportunity for youth, […]

Business Editorials Headlines Maghreb Morocco Opinions

Morocco prepares ground for launch of domestic military industry

Morocco has taken one step ahead to lay the legal foundation for the launch of its domestic military industry after the latest Council of Ministers, chaired by King Mohammed VI, approved a draft decree to that end. The decree enables licenses for the setting up of plants to manufacture weapons, ammunition, and military and security […]

Algeria Business Headlines

Coronavirus deepens Algeria’s economic malaise

The African Development Bank said the Algerian economy is the third worst hit in Africa at a time the country faces a multipronged political, economic and social crisis worsened by lack of political reforms. The bank said the contraction of the Algerian GDP by at least 6.4% this year was due to its heavy dependence […]

Business Headlines Morocco

Culture, ecology, well-being: the backbone of Essaouira’s tourism roadmap

Royal advisor and founding president of the Essaouira-Mogador Association, André Azoulay, presented Saturday in Dar Souiri the tourism roadmap of the Atlantic city of Essaouira for the summer season and beyond. Tomorrow’s tourism will be that of culture, ecology and well-being, he said, in the presence of minister of Tourism Nadia Fettah Alaoui and tourist […]