First Independent Mena Newspaper
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 […]
The merger between Atlanta Assurances and its subsidiary Sanad Assurances took effect Monday as both firms held a joint board meeting. Groupe Holmarcom, owner of the two firms, in a statement said Atlanta will engulf Sanad in a move that will enable the insurance service company to bolster its positioning in the insurance industry in […]
Despite an overall drop in exports up to April by 20%, Morocco’s exports of phosphates in particular maintained same level in the first quarter this year compared with the same period last year signaling the strategic importance of fertilizers to global food security. The state-owned OCP, one of the world’s biggest exporters of phosphates and […]
Morocco’s trade deficit has shrunk by 1.9% to almost 66.25 billion dirhams ($6.9 billion) in the first four months of the current year, according to the Exchange Office. Morocco witnessed a 19.7% drop in exports between January and April of this year, representing a loss of 20 billion DH ($2 billion), according to the Exchange […]
Morocco, which is one of the 15 partner countries from outside the EU of the Coronavirus Global Response campaign launched by the European Commission, has expressed full support for this global action for universal access to affordable coronavirus vaccination, treatment and testing, and made a contribution of €3 million. President of the European Commission Ursula […]