Business Headlines Maghreb Morocco

Morocco leading way in Africa thanks to reforms- IMF chief

Morocco has implemented reforms to achieve inclusive growth, improve governance and fight corruption and is “leading the way in the region and in the continent,” said IMF managing director Kristalina Georgieva. Morocco thanks to its role and investments in Africa is well-placed to be the venue for the annual meetings of the IMF and WB […]

Americas Business Headlines International Morocco

US tax firm Andersen Global expands into Morocco

Anderson Global has strengthened its presence in North Africa under collaboration Agreement with Morocco-based advisory firm M.A. Global Consulting (MAGC), announced the American tax firm in a press release. After continuing expansion throughout Southern, Eastern and Western Africa, Andersen Global strengthens its presence in North Africa via a collaboration agreement with M.A. Global Consulting, the […]

Business Headlines Morocco

Wana abandons lawsuit against Maroc telecom

Wana company, which holds Inwi, said it withdrew a lawsuit it had brought in 2018 against Maroc Telecom after the latter was fined by the telecoms regulator. Al Mada holding, which owns most stakes in Wana company, urged the board of directors to abandon the case, Wana said in a statement. Wana dropped the case […]

Finance Headlines Maghreb Morocco

IMF Hails Morocco’s Reforms towards a More Inclusive Economy

The International Monetary Fund (IMF) is “impressed” by Morocco’s determination to pursue its structural reforms and endeavors to make its economy more inclusive, said Wednesday in Rabat IMF Managing Director, Kristalina Georgieva. She cited as an instance the new development model being elaborated by a special committee and the Integrated Program for Enterprise Support and […]

Business Europe Headlines International Morocco

TE Connectivity Builds its 4th Plant in Morocco for $15 Mln

The Swiss-based technology company TE Connectivity, which designs and manufactures automotive sensors, is expanding its activities in Morocco wherein the car industry is booming. TE will build a new plant in the Tangier automotive city. The factory, to cost over 15 million US dollars, is the fourth of its kind in the North African Kingdom. […]

Business Headlines Morocco

World Tourism: Morocco, leading destination in Africa

Morocco emerged in 2019 as the leading African tourism destination for foreign holiday makers, according to the World Tourism Organization (UNWTO) whose provisional figures credit the kingdom with 13 million visitor and a gain estimated at $7.7 billion. The North African country, according to the UNWTO data revealed earlier this month, beats respectively Egypt, Tunisia […]

Business Europe Headlines International Morocco

Morocco Could Leave EU’s Tax Haven Grey List in 2020

Morocco was maintained in the EU’s tax haven grey list but could soon leave it this year as it implements reforms to conform to EU standards. The grey list includes countries which are given time to reform their tax regimes and improve fiscal transparency. Morocco could leave that list pending on the results of an […]

Americas Business Headlines International Maghreb Morocco

Women’s Empowerment: US President Hails Morocco’s Exceptional Efforts

President of the United States, Donald Trump, has said that Morocco stands out as “one of the most distinguished models” of the Women’s Global Development and Prosperity Initiative. “Morocco is one of the most distinguished models of the Women’s Global Development & Prosperity Initiative (W-GDP)”, President Donald Trump said, in a message made public on […]

Asia Business Headlines International Maghreb Morocco

Japan, Largest Foreign Private Employer in Morocco

Morocco is hosting 71 Japanese companies operating in the automotive industry and renewable energy.   These firms are employing nearly 40,000 people, making Japan the largest foreign private employer in the North African Kingdom. The remarks were made by chairman of the Moroccan employers’ union (CGEM) Chakib Alj during a networking meeting between Moroccan economic […]

Americas Asia Business Headlines International Maghreb Morocco

Ivanka Trump Commends Morocco’s Commitment to Empower Women, Advance their Rights

Ivanka Trump, adviser to the president of the United States, commended, Sunday in Dubai, Morocco’s efforts in the field of women’s empowerment. Speaking at the opening session of the Global Women’s Forum 2020, Ivanka Trump said Morocco has succeeded in recent years in “introducing important legislative reforms that serve the interests of women and increase […]