Business Headlines Maghreb Morocco

Morocco’s exports of fruits & veggies cross one-million ton threshold

Despite the current global difficult situation triggered by covid-19 pandemic, Morocco’s exports of fruits & vegetables crossed this season the million-ton threshold, increasing by 6 pc to 1,077,000 ton. According to Moroccan ministry of agriculture, this shows the good performance and resilience of the local agribusiness which continues to expand and diversify its high quality […]

Business Europe Headlines International Morocco

Covid-19: EBRD expects Morocco’s economy to rebound by 4% in 2021 after 2% contraction in 2020

Morocco’s GDP will rebound by 4 pc in 2021 after a 2 pc decrease in 2020 due to the impact of the coronavirus pandemic, says the European Bank for Reconstruction and Development (EBRD). In its Regional Economic Prospects report published Wednesday, EBRD explains that the slowdown will be driven by a sharp decline in tourism, […]

Business Europe Headlines International Maghreb Morocco

COVID-19: Morocco to sell masks to French army

Morocco-made facemasks have been cleared by French army for conforming to top safety standards and the north African country allowed their exports after satisfying domestic needs. A textile company based in Morocco has won a contract to supply the French army, local newspaper Assabah reported. Morocco has reached a production capacity of over 10 million […]

Headlines Morocco

Morocco’s coronavirus mortality rate drops to below 3%

Morocco has lowered considerably the coronavirus mortality rate to 2.9% one of the world’s lowest, head of anti-pandemic department Mohamed El Youbi said. He also noted a rise in recoveries thanks to the adoption of a chloroquine-based treatment to 2991, but deplored that the rise in hot spots kept cases increasing to 6418. Deaths stood […]

Algeria Americas Headlines International Maghreb Morocco

Covid-19: Polisario diverts, resells humanitarian aid destined to Tindouf camps population – Expert

The polisario diverts and resells the international humanitarian aid destined to the populations held against their will in the Tindouf camps, ignoring the current coronavirus health crisis. The remarks were made by Colonel Preston McLaughlin, an international expert in national security issues, during a TV program aired by Medi1TV channel Sunday. The mechanisms for distributing […]

Columns Europe Headlines International Maghreb Morocco Opinions

Coronavirus: Morocco’s Museums Foundation to assist plastic artists; IMA President calls for new cultural deal

The National Foundation of Museums of Morocco (FNM), chaired by Mehdi Qotbi, has earmarked 6 million dirhams to help visual arts artists who have been impacted by the Covid-19 pandemic. This aid is part of the FNM missions and will mainly concern artists facing difficulties, Mehdi Qotbi told le360 news outlet. The aid will consist […]

Headlines Maghreb Morocco

COVID-19: Moroccan schools remain closed till September, no exams except Baccalaureate

Morocco’s Minister of Education Saïd Amzazi announced that schools will remain closed until next September and that all final exams of the 2019-2020 academic year will be cancelled, except for the first and second years of the baccalaureate levels. Addressing the House of Councilors this Tuesday, May 12, Amzazi said only Baccalaureate levels students (First […]

Business Headlines Morocco

Morocco stores 50 million masks for post-confinement

Morocco has amassed a reserve of 50 million masks to make sure there are enough to meet the domestic market’s demand after easing the coronavirus lockdown, Industry and Trade Minister Moulay Hafid Elalamy said. Speaking to MPs Monday, Elalamy shed light on the progress of Moroccan industry in making anti-coronavirus clothing and equipment as well […]

Finance Headlines Morocco

Morocco’s central bank asks banks to freeze distributing dividends

Morocco’s Central Bank, known as Bank Al Maghrib, asked banks not to pay 2019 dividends to shareholders in order to boost their capacity to dealing with the coronavirus repercussions. This recommendation comes after a series of measures including boosting three-fold bank’s refinancing capacity and measures to make loans more accessible for households and companies, the […]

Headlines Morocco

Morocco foils smuggling attempt of 25.5kg of cocaine at Tanger-Med port

Moroccan security forces Monday foiled the smuggling into the country of 25.5kg of cocaine at Tanger-Med port that was hidden in a truck coming from a European country. The operation is the result of cooperation between the General Directorate of Territorial Surveillance (DGST) and judicial police, Moroccan security services announced via Twitter. The truck driver, […]