Business Europe Headlines International Morocco

Renault to gradually resume production in Morocco plants

French carmaker Renault said it will gradually reopen its production plants in Tangier and Casablanca amid strict protective measures against the coronavirus pandemic. Renault has closed the two plants last month amid a global shutdown due to the consequences of the coronavirus, which disrupted supply of vehicle parts and demand for cars. The carmaker said […]

Business Headlines Morocco

Morocco posts 3% increase in agricultural exports despite coronavirus

Despite the measures imposed to slow the spread of the coronavirus, the Moroccan agricultural sector is faring well with an abundant supply of the domestic market and exports of fruits and vegetables up 3% to 876,000 tons by mid-April compared with a year earlier, the agriculture ministry said. The increasing demand in Europe due to […]

Business Columns Headlines Morocco Opinions

Moroccan searchers’muse very inspiring in coronavirus times

In these times of coronavirus, Moroccan searchers, scientists and engineers have joined efforts to help their country mitigate the impact of the pandemic and since the outbreak of the pandemic, several scientists and operators in the Moroccan industrial fabric have swiftly adapted to create and manufacture anti-coronavirus equipment and protective gear. On Wednesday, MAP reported […]

Finance Headlines Morocco

Government to cut non-essential spending due to Covid-19

The Moroccan government has asked all ministerial departments to prepare a list of spending cuts that will target non-essential activities in first austerity measures to deal with the economic impact of the novel coronavirus. The disruptions in the national economy due to Coronavirus notably the suspension of tourism activity, fewer remittances of Moroccan expatriates, and […]

Americas Business Headlines International Morocco

US State Department approves Morocco’s purchase request of 10 Air Missiles

The US State Department has approved a possible Foreign Military Sale to the Government of Morocco of ten AGM-84L Harpoon Block II Air Launched missiles and related equipment for an estimated cost of $62 million. The announcement was made by the Defense Security Cooperation Agency, which said it delivered the required certification notifying Congress of […]

Africa Finance Headlines International

COVID-19: IMF approves debt relief for 25 countries, including 19 in Africa

The International Monetary Fund on Monday announced a plan to provide immediate debt relief to 25 member countries, including 19 African states to allow them to focus more on the coronavirus pandemic. According to the IMF Managing Director Kristalina Georgieva, the Washington-based institution approved the first batch of countries to receive grants, under its Catastrophe […]

Finance Headlines Morocco

State fund CDG estimates coronavirus toll on economy at $5.4 bln

State fund CDG said that the losses due to coronavirus could amount to $5.4 billion (54 billion dirhams) with Morocco expecting a recession in 2020. The study was based on the hypothesis of a four-month-long crisis and a gradual resumption of activity by July 2020. It expects agricultural production to contract by 6% with only […]

Business Headlines Maghreb Morocco

Covid-19: RFI hails Morocco’s “very innovative” initiatives to help underprivileged populations

Radio France Internationale (RFI) has hailed Morocco for having adopted multiple initiatives that are sometimes “very innovative” to help underprivileged populations during the COVID-19 health crisis. “Since the onset of the coronavirus crisis, billions of euros have been mobilized by states and international institutions to try to cushion the country from the economic shock. However, […]

Finance Headlines Morocco

COVID-19: Morocco to invest $1 million in scientific research

Morocco will invest $1 million in scientific research in areas related to the management of pandemic crises, with focus in the short term on the Coronavirus pandemic. The Ministry of Higher Education and Scientific Research announced the adoption of a support program for multidisciplinary scientific research in areas related to pandemic crises, for which a […]

Finance Headlines Maghreb Morocco

Coronavirus: Moroccan Health Ministry to pay health workers for risks

Doctors, nurses and other medical staff who treat coronavirus patients will be paid for the risk they are exposed to, a health ministry source told Moroccan media. The ministry has confirmed to different health system unions that they will pay the family of the doctor who lost her life due to a coronavirus infection as […]