First Independent Mena Newspaper
The Central Bank cut its benchmark interest rate to 2% to boost economic activity, which, like elsewhere in the world, is expected to reel under the impact of the coronavirus outbreak. Drought has complicated the outlook for Morocco, which expected a contraction of agricultural output plunging growth to 2.3%, according to the central bank. The […]
King Mohammed VI chaired, on Tuesday in Casablanca, a meeting focusing on the country’s management of the Coronavirus pandemic and on the actions to be taken according to the evolution of the situation. The meeting is part of the continuous follow-up by the Moroccan Sovereign of the evolution of this pandemic, from the beginning of […]
Morocco will exempt enterprises from paying their contribution to the pension fund CNSS and will grant them a debt moratorium as part of measures to offset economic impact of the coronavirus, the Moroccan coronavirus economic monitoring committee said in a statement. King Mohammed VI instructed the government on Sunday to create a $1 billion fund […]
A series of decisive measures, some at the instruction of King Mohammed VI, were taken lately to limit the spread of the Coronavirus and mitigate its economic impact of the pandemic. As an illustration of his resolve to tackle this health crisis, King Mohammed VI on Sunday gave his instructions to the government to immediately […]
Though Moroccan authorities are assuring the public that there is no need to panic over the coronavirus pandemic and that the supply of goods is largely sufficient and covers up 6 to 8 months, shoppers continue to rush to supermarkets and convenience stores to buy nonperishable food, hand sanitizers, cleaning supplies… Either in Casablanca, Rabat, […]
Morocco will set up a $1 billion (10 billion DH) special fund for the management of the Coronavirus pandemic. The Royal Office said in statement issued this Sunday that King Mohammed VI gave his high instructions to the government “to create immediately a special fund dedicated to the management of the Coronavirus pandemic.” “The earmarked […]
Morocco announced on Sunday 11 new confirmed coronavirus cases in the country and decided to suspend, until further notice, all international passenger flights to and from its territory. The new cases bring to 28 the number of COVID-19 infected persons recorded in Morocco since March 2, including Minister of Transport and Logistics Abdelkader Amara. One […]
Moroccan government has earmarked $5.7 million to help farmers protect their livestock and ease their concern over the delay of rainfall. The funds will be used for the purchase and transportation of fodder to rural zones and remote villages to enable farmers to keep their cattle. These emergency measures were announced lately by minister […]
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. […]