Business Finance Headlines Morocco

Morocco to post MENA region’s highest growth rate in 2021 at 6.3% – IMF says

The IMF expects Morocco’s economy to grow 6.3%, the highest rates among its MENA peers, as the country continues its fiscal and monetary stimulus. Morocco’s economic performance is also credited thanks to its “successful vaccination campaign” which enabled the country to contain the pandemic and allow the economy to rebound, the IMF said after its […]

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Morocco Building Commercial & Financial Hub Linking Africa & Europe (U.S. Consulting Firm)

Morocco is busy working to establish itself as a commercial and financial hub linking Africa and Europe, says American Consulting firm Kearney in its latest “Global Retail Development Index” report. Morocco’s economy is on the path to recovery, supported by an uptick in household consumption, export demand, and governmental policies, adds the GRDI research report […]

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UNHCR: Over 6,000 refugees in Morocco received financial assistance during Covid-19 crisis

UN and European officials have commended Morocco’s continued commitment to the rights of refugees, ensuring them access to public services, education, healthcare, legal protection and employment, in the same way as Moroccan citizens. At a press conference held lately in Rabat by the UNHCR on the situation of refugees in North Africa, they said that […]

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Morocco to extend stipend to tourism workers hit by Covid-19 restrictions

The Moroccan government has approved a measure to extend stipend in aid to workers in the tourism industry who have been idled due to the restrictive measures taken by the government to contain Covid-19 outbreak. Morocco has closed its borders to all passenger traffic amid the surge of the new Omicron variant. The decision took […]

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Morocco: Moves to facilitate SMEs’ access to capital market

A memorandum of understanding to facilitate the access of small and medium-sized enterprises (SMEs) to the capital market was signed on Wednesday in Casablanca. The MoU between the Casablanca Stock Exchange, the Moroccan Capital Market Authority (AMMC), the Professional Association of Brokerage Companies (APSB) and Maroclear aims to facilitate SMEs’ access to financing at the […]

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Sahara: Paraguay MPs reaffirm backing to Morocco’s Autonomy Plan

Paraguay’s Chamber of Deputies has reaffirmed strong support to Morocco’s autonomy plan for the Sahara, saying it is “the only credible and serious basis for reaching a lasting solution under Morocco’s sovereignty in accordance with UN Security Council resolutions. In its latest statement released on the Sahara, the Paraguayan legislative institution welcomes the new resolution […]

Headlines Morocco

Omicron variant: Moroccan borders to remain closed till dec.31

The suspension of direct passenger flights to and from Morocco, which came into force on Monday November 29 for two weeks, will be extended till dec.31. Sources close to air transport authorities confirmed that flights suspension from and to Morocco will be maintained until a further notice. Royal Air Maroc, Morocco’s national carrier confirmed the […]

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Germany wants normal ties with Morocco- statement

Berlin welcomes the normalization of ties between Morocco and Israel and looks forward to restoring ties with Rabat, said the German embassy. “The Kingdom of Morocco is a key partner for Germany. From the federal government’s perspective, it is in the interest of both countries to return to good and traditionally expansive diplomatic ties. The […]

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UK sees in Morocco a reliable economic and security partner

The UK and Morocco took concrete measure to foster their economic and security cooperation ties during their third strategic dialogue, a milestone in ties that have been established 800 years ago. At the end of the strategic dialogue in London co-chaired by foreign ministers of the two countries Nasser Bourita and his UK peer Liz […]

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Indian Samta group to invest over $100 million in Morocco

Indian Samta energy group announced on Tuesday that it plans to invest more than $100 million in Morocco over the coming five years. “We are committed to investing more than $100 million over the next five years in the development of mining and mineral processing activities in Morocco,” said the Indian group in a statement. […]