First Independent Mena Newspaper
Car manufacturers are interested to maintain operations in Morocco where production costs are one of the most competitive globally, Industry Minister Moulay Hafid El Alamy said. Speaking to MPs, he denounced as baseless the claims that France will call back its car production plants because of the crisis caused by Covid-19. Thanks to Morocco’s competitiveness, […]
Revenue of Morocco’s private clinics and pharmacies dropped significantly, as many patients shun medical treatment over coronavirus fears. Head of Morocco’s private clinics association, Redouan Semlali, said revenue for most clinics dropped by 60 to 85% over the last two months with losses estimated at 100 million dollars. Quoted by L’economiste daily, Semlali said Damane […]
King Mohammed VI has instructed the Moroccan private sector to conduct massive testing to protect the employees and resume activity in a secure environment, as part of the participatory management of the Covid 19 pandemic. The Ministry of Health and the General Confederation of Moroccan Enterprises (CGEM) said in a recent joint statement that this […]
About 18.5 million facemasks have been exported by 69 Moroccan factories to 11 countries in the four continents, announced on Tuesday the Ministry of Industry and Trade. These certified masks, which have become a hot commodity during the ongoing coronavirus pandemic, were exported between May 21 and June 8 after the local manufacturers built a […]
The World Bank delivered bleak prospects for growth in Morocco which was seen dropping to -4% in 2020 from 2.5% last year on the backdrop of the coronavirus outbreak. The forecast is close to that of the -3.7% put forward by the IMF for 2020 to which drought worsened Morocco’s growth prospects. The spread of […]
Exporting companies based in Morocco are facing enormous challenges to juggle the coronavirus impact due to a rise in the cost of risk emanating from orders cancellation, trade barriers and low demand. In the first three months this year, most of which was coronavirus-free, exports dropped 18% compared to the same period last year, according […]
The Arab Monetary Fund has extended Morocco a new $211 million loan, within the framework of the Structural Adjustment Facility, to support a reform program in the public finance sector, the Arab financial institution announced in a statement released Friday. The loan agreement was signed on May 23 by Morocco’s Economy and Finance Minister Mohamed […]
Travel Daily News portal has put Morocco on top of vacation destinations for the post COVID-19 pandemic period, outlining the country’s tourism assets. In an article published on Wednesday, the travel and tourism portal pointed out that Morocco is a top tourist destination that is blessed by nature, with its wonderful coastline, mountains and its […]
European investors and business people are mulling plans to relocate their companies to the kingdom of Morocco, which has emerged an appropriate alternative to the Asian market, French Le Monde daily reports. The kingdom, the media notes, boasts numerous reasons, which position it as the suitable ground for company relocation and investment, after the ongoing […]
France Monday offered Tunisia a €80 million check to help the North African country tackle the covid-19 pandemic which has infected 1,087 and killed 49 people. France’s ambassador to Tunisia Olivier Poivre d’Arvor told, in a telephone talk, Tunisian Minister of Development, Investment and International Cooperation, that money is meant to alleviate social and economic […]