Business Headlines Morocco

Three Moroccan Regions Account for 58% of GDP

The Moroccan regions of Casablanca-Settat, Rabat-Salé-Kénitra and Tanger-Tétouan-Al Hoceima accounted for 58.2 % of Morocco’s GDP in 2016, Morocco’s statistics authority, HCP, said. Four other regions accounted for 30.1% of overall GDP with Fez-Meknes taking 9%, Marrakech-Safi 8.8%, Souss-Massa (6,7%) and Beni Mellal Khenifra (5.6%). The three regions represented 32%, 16% and 10,2% respectively. Such […]

Business Europe Headlines International Morocco

MEPs in Morocco to See Positive Impacts of Fisheries Accord on Sahara Population

A delegation from the European Parliament’s Committee on International Trade (INTA) starts this Monday a visit to Morocco to see first-hand the positive impacts of the Morocco-EU fisheries accord on the population of the southern provinces. Chairman of the Moroccan-EU Joint Parliamentary Committee Abderrahim Atmoun welcomed the MEPs’ visit, saying it is in line with […]

Asia Business Headlines International Morocco

Morocco Underscores in China Relevance of its African Policy

Morocco has called for a tripartite cooperation with China benefiting Africa’s social and economic development, one of the end-goals of the Kingdom’s new African policy. “Morocco is ready to work together with its African and Chinese partners to push forward the continent’s social and economic development,” said Minister Delegate for Africa, Mohcine Jazouli. Speaking at […]

Business Headlines Morocco

Marrakech Reinvents itself to Attract more Tourists- New York Times

As more wealthy tourists flock to Morocco, Marrakesh is reinventing itself with luxury hotels and resorts to attract its share, wrote the New York Times in an article on the new attractions of Morocco’s main tourist hub. Marrakech with its centuries-old medina and distinctive charm is lately experiencing the building of a flurry of luxury […]

Business Europe Headlines International Morocco

Melilla’s Economy Suffocates after Morocco’s Closure of Commercial Border

The sovereign decision of Morocco to close its commercial border with Melilla and gear all commercial and container traffic to the nearby port of Beni Ansar continues to weigh on the economy of the Spanish occupied enclave. The autonomous authorities of Melilla have officially asked for the intervention of the Spanish government after the city’s […]

Business Energy Headlines Morocco

Sound Energy Company Upbeat over its Operations in Morocco

UK-based Sound Energy company has sealed a new 8 year petroleum deal including the areas previously covered by the Tendrara petroleum agreement and the Matarka reconnaissance license (“Greater Tendrara”) in addition to the existing Anoual petroleum agreement and the production concession application relating to the Tendrara gas discovery in Eastern Morocco. Commenting the deal, Sound […]

Business Europe Headlines International Morocco

Morocco-EU: Southern Provinces’ Population Does Benefit from Fisheries, Farm Agreement

The population of the Moroccan southern provinces benefits from the fisheries and farm incomes reaped from the related agreements concluded between Morocco and the European Union. This was highlighted during a debate on the renewal of the farm agreement between the European Union (EU) and Morocco that took place Tuesday at the European Parliament Committee […]

Business Headlines Tunisia

Tunisia: Economy to Grow by 2.9% in 2018, 3.5% in 2019

The Tunisian government expects the economy to grow by 2.9% in 2018 and by 3.5% in 2019. In an interview with Reuters News Agency, Minister of Reforms Taoufik Rajhi said the government planned to reduce the budget deficit to 3.9 percent next year from the 4.9 percent forecast for 2018. According to data from the […]

Finance Headlines Morocco

Morocco, WB Discuss Preschool Education, Social Welfare

Morocco and the World Bank started Monday in Rabat discussions on a set of issues, on top of which preschool education and the consolidated social register that will identify families deserving to benefit from social assistance programs. The discussions are held during the visit World Bank Vice President for the Middle East and North Africa […]

Business Headlines Tunisia

Tunisia Attracts 5 million Tourists up to August

Some 5.15 million tourists visited Tunisia from January to August, posting a 17.5% increase compared to the same period in 2017. The Tunisian tourism ministry said that tourism revenues during the same period surged by 44%. The recovery of the tourist sector will help ease the country’s financial crisis after the 2015 Sousse terrorist attacks […]