Business Headlines Morocco

Morocco’s Tanger Med port in vogue despite pandemic (Jeune Afrique)

The pan-African magazine “Jeune Afrique” highlighted, Tuesday, the good performance of Tanger Med port, that it described as the trendy giant despite the COVID-19 pandemic, noting that its results at the beginning of the year have surpassed those of 2020. “The Moroccan hub continues to draw its path in the Mediterranean Sea, where it has […]

Business Headlines Morocco

Moroccan Tourism businesses sigh a breath of relief at opening of international traffic

Morocco has opened its airports to international passenger traffic with most of tourism emitting countries giving a brim of hope for tourism professionals who have borne the brunt of Covid-19 travel bans. After a tough 2020 year in which tourism revenues fell by 53.8% to 36.3 billion dirhams ($3.8 billion), travel receipts further dropped by […]

Americas Business Headlines International Morocco

Morocco-USA trade increased fivefold since 2005

Trade between Morocco and the United States has increased fivefold since 2005, the year before the entry into force of the Free Trade Agreement (FTA) between the two countries, to reach 5 billion dollars in 2019, said, Monday in Casablanca, the Chargé d’Affaires of the US Embassy in Morocco, David Greene. This commercial dynamic has […]

Africa Business Headlines International Morocco

E-Health: Orange & AXA Insurance Morocco buy DabaDoc platform

Orange Middle East and Africa and AXA Assurance Maroc have acquired a majority stake in DabaDoc, the Moroccan health-tech company digitalizing access to healthcare in Africa. The financial terms of the transaction, announced Monday, have not been disclosed. DabaDoc, which was set up in 2014, is an online platform offering access to healthcare services in […]

Business Headlines Morocco

Morocco to re-open airports to international flights on June 15

Morocco will re-open its airports to international flights on June 15 as it continues a steady vaccination campaign in tandem with a careful lifting of measures to curb the spread of the virus. All Moroccan and foreign travelers have to submit either a proof of vaccination against coronavirus or a negative PCR test no older […]

Business Finance Headlines Morocco

Morocco gets $450 Mln WB loan to improve childhood services in rural zones

The World Bank has approved a $450 million loan to support Morocco’s long-term strategy to strengthen human capital and fund the 3rd phase of the country’s National Initiative for Human Development, focusing on early childhood development (ECD). “Morocco’s future social and economic trajectory is conditioned by improving its ability to accelerate progress in accumulating human […]

Asia Business Headlines International Morocco

Etihad Airways to resume flights to Rabat on June 23 as Kingdom joins green list

Abu Dhabi-based Etihad Airways will resume flying to capital Rabat as of June 23 as the UAE officials have added Morocco to the green list from where incoming passengers do not need to quarantine upon arrival, Gulf Business reports. The twice weekly flights to Rabat will be operated by a Boeing 787-9 Dreamliner. The North […]

Africa Business Finance Headlines International Morocco

AfDB renews commitment to support a socially inclusive, sustainable recovery in Morocco

The African Development Bank (AfDB) has renewed its commitment to support a socially inclusive and ecologically sustainable recovery in Morocco, said the Bank country manager for Morocco Brice Mikponhoue. Speaking at the opening of a remotely-held seminar on social and environmental safeguards that frame AfDB’s operations in the Kingdom, Mikponhoue said that this joint event […]

Asia Business Headlines International Morocco

Israir airline to launch Marrakech-Tel Aviv air route in July

Israeli airline, Israir, said it will launch direct flights linking Tel Aviv to Marrakech on July 19, seven months after the two countries agreed to resume diplomatic ties and launch direct flights. Israir said it plans to operate five direct flights between Tel Aviv and Marrakech weekly. “We estimate that the demand will be high […]

Business Europe Finance Headlines International Morocco

EIB supports Moroccan SMEs hit by Covid-19 with €60 Mln funding

The European Investment Bank (EIB) has provided Moroccan CIH Bank with a €60 million funding destined to support SMEs affected by the global health crisis generated by Covid-19 pandemic. The two financial institutions signed on Wednesday an agreement to support Moroccan companies to stimulate the economic recovery from the impact of the pandemic. The EIB […]