Europe Finance Headlines International Morocco

COVID-19: EU contributes €157 million to Morocco’s special fund, pledges more grants by year’s end

The European Union transferred a grant of €157 million (MAD 1.7 billion) to Morocco on Monday, May 26, to help the country in its response to the COVID-19 pandemic and vowed more grants by the end of 2020 to total €300 million. The amount was injected into Morocco’s Special Fund for the Management and Response […]

Headlines Morocco

King Mohammed VI saddened by the death of Youssoufi, a great activist and one of Morocco’s most valiant men

King Mohammed VI has pointed out that he had been deeply saddened by the passing away of Abderrahmane El-Youssoufi, whose death is a considerable loss, not only for his family, but also for his country, which lost one of its most valiant men. In a message of condolences to Hélène El-Youssoufi, widow of the former […]

Headlines Morocco

Morocco’s Ex-PM Abderrahman El Youssoufi Dies at Age 96

Abderrahman El Youssoufi, the former leader of the Socialist Union of Popular Forces (USFP), who served as Prime Minister from 1998 to 2002, died this Friday morning at the age of 96 following a long illness, according to local media. El Youssoufi, an emblematic figure of the Moroccan left, passed away at a Casablanca Hospital […]

Business Headlines Morocco

COVID-19: Moroccan cafes, restaurants to resume limited activity Friday

After industrial units were allowed to resume their activities on the morrow of Eid Al-Fitre, celebrated in Morocco last Sunday May 24, owners of cafes and restaurants are to resume their activities this Friday, May 29, but only for takeout and delivery, the ministry of Industry and Trade announced Thursday. The managers of cafes and […]

Europe Headlines International Maghreb Morocco

Spain-Morocco: Annual summer transit operation of expatriates delayed probably to July

Every year, thousands of Moroccans, Algerians… living in Europe used to cross Spain on their way to their countries of origin to spend their summer holidays. But this year, this annual transit operation will not start in June as usual due to coronavirus. The announcement was made lately by the Spanish Interior Minister Fernando Grande-Marlaska. […]

Asia Business Headlines International Libya Morocco

Japanese House of Councilors adopts agreement with Morocco on non-double taxation

The Japanese House of Councilors on Wednesday adopted the agreement on non-double taxation signed between Morocco and Japan. The agreement was signed in Rabat on January 8 during the fifth session of the Morocco-Japan Joint Commission meeting. It is meant to avoid double taxation and to prevent tax evasion and fraud. It applies to persons […]

Europe Headlines International Morocco

Morocco, a very promising market for investors in post COVID-19 era

Morocco, which has taken a set of measures to deal with the coronavirus pandemic, stands out as “a very promising market with huge opportunities” for investors in the post-Covid 19 era, outlined a recently released report by the Chamber of Commerce of the Valencia region. Unlike other countries in North Africa, which are directly dependent […]

Africa Finance Headlines International Morocco

COVID-19: AfDB supports Morocco with €264Mln Financing

The African Development Bank (AfDB) approved on Wednesday in Abidjan a €264 million financing to Morocco, as part of its COVID-19 response support program (Parc-19). With a rapid deployment of resources, PARC-19 contributes to bolster the Kingdom’s response efforts to the health, economic and social crisis triggered by the Covid-19 epidemic, the AfDB said in […]

Business Headlines Maghreb Morocco

FAO hails Moroccan sustainable biodiversity project

The UN Food & Agriculture Organization has praised the resilience of a watershed management project in Morocco, which illustrates how the reduction of disaster and climate risks faced by communities can reduce poverty while increasing biodiversity. In its report “The State of the World’s Forests 2020”, FAO shed light on this pilot project carried out […]

Headlines Maghreb Morocco

Morocco continues use of Chloroquine despite controversy

Morocco maintains its medical protocol based on chloroquine in the treatment of coronavirus affected patients, despite the concerns raised by the World Health Organization. While the WHO has decided to temporarily suspend clinical trials with hydroxychloroquine, Morocco maintains its use, reveals L’Economiste daily this Wednesday. Minister of Health, Khalid Aït Taleb, has confirmed that Morocco […]