First Independent Mena Newspaper
Morocco’s flag carrier Royal Air Maroc grounded a third of its fleet as demand drops on the back of the surge of coronavirus cases worldwide with immediate ramification on tourism and international bookings. Le 360 news outlet, citing unnamed sources, said the Moroccan airline has immobilized 20 aircrafts out of 58 airplanes it operates. The […]
Morocco has 46.67 million mobile phone subscribers, that is more than the entire population estimated at 40 million people. The latest figures released by telecoms regulator ANRT show that mobile phone penetration rate last year was 131.14%, noting that subscriptions in mobile phone services operated by the three main companies rose 20.54% last year. […]
Just after the high commission for planning Ahmed Lahlimi told Reuters and Bloomberg that Morocco’s economic growth could sink to as low as 2% in 2020 from a previous estimate of f 3.5%, the Ministry of Economy & Finance announced, on Wednesday, the setting-up of an Economic Monitoring Committee that will assess the impact of […]
Nezha Hayat, Chairperson of Moroccan Capital Market Authority (AMMC), has been elected Chair of Africa-Middle-East Regional Committee (AMERC) of the International Organization of Securities Commissions (IOSCO). The IOSCO Regional Committee for Africa and the Middle East brings together the financial market regulators of the region, bearing the mission to examine, exchange information and promote issues […]
Morocco’s economic growth could sink to as low as 2% in 2020 from a previous estimate of 2020, Reuters and Bloomberg reported citing head of the high commission for planning Ahmed Lahlimi. When Morocco put forward a growth estimate of 3.5%, the context was promising with first autumn rain and good prospects for tourism market […]
After Morocco announced early Tuesday the suspension of all flights to and from Italy, which went under lockdown to stop the spread of the Coronavirus, the merchant navy decided later in the day the suspension of maritime links between Morocco and Italy. In a note addressed to the shipping companies, the directorate of the merchant […]
Morocco suspended all flights to and from Italy, which went under lockdown to stop the outbreak of the Coronavirus. Morocco’s flag carrier RAM offered flight reschedule to its clients as it continues to maintain suspended a direct link to Beijing due to the virus outbreak. More than 9,170 people in Italy have been […]
The main index at Casablanca’s stock exchange suffered on February 9 the steepest single-day plunge in its history amid a similar trend in international bourses due to Coronavirus fears. Investors rushed to sell shares causing a 5.82% drop in Masi, Casablanca’s main index, which lost 11.2% of its value since the beginning of 2020. The […]
Tunisia expects a growth rate of just 1% this year, compared with the 2.7% envisaged in the 2020 budget, and plans to seek a new loan deal with the International Monetary Fund (IMF). Tunisian Prime Minister, Elyess Fakhfakh, who made the announcement on Sunday said his government has slashed the country’s economic growth forecast for […]
Morocco moves on Monday March 9 to the next step in its currency reform broadening the fluctuation band for the dirham to 5% from 2.5% amid positive macro-economic conditions and enough international reserves, the finance ministry said. The North African country launched a gradual floating of its currency in January 2018, raising the official band […]