First Independent Mena Newspaper
The contribution of the tourism sector in Morocco’s GDP stood at 63.7 billion dirhams in 2015 compared to 61.9 billion dirhams in 2014, that is a 2.8% rise that brought the share of the sector in the overall GDP to 6.5%, the national statistics office (HCP) said. Prospects for growth in 2016 have been slightly […]
Morocco’s leading company in wiring systems and electrical equipment, Nexans Morocco, will invest around €12 million to set up a wire producing plant near Abidjan, Côte d’Ivoire. The plant to cover 30,000 square meters will be operational by 2018. The factory will produce electric wires to be used in residential constructions and office buildings, as […]
The regions of Casablanca-Settat and Rabat-Salé-Kénitra continue to drive the Moroccan economy making up 48.3% of Morocco’s GDP in 2014, the Higher Planning Commission (HCP) said. The region of Casablanca-Settat accounted for 32% of Morocco’s GDP followed by Rabat-Salé-Kénitra by 16.3%. Five other regions produced 40.3% of Morocco’s GDP. These regions are Tangier-Tétouan-Al Hoceima (9.4%), […]
The Payroll in the public sector absorbs 49% of state revenues, a percentage that shows the burden placed on the state budget because of an inefficient employment policy, says a study conducted by L’Economiste daily newspaper. The public sector’s payroll is in dire need of restructuring to mitigate its impact on the state budget after […]
Nominal Prime Minister Youssef Chahed Friday won endorsement vote from the parliament as lawmakers in great number voted in favour of his unity government expected to address economic challenges faced by the North Africa Post. Out of the 217 parliament s members, 167 approved Chahed’s unity cabinet made of Islamists, leftists, unionists and independents. Tunisia, […]
Canada’s auto parts manufacturer Linamar Corp. is building a US $280 million plant in Morocco wherein car industry is thriving, becoming a leading export sector, attracting more & more foreign investors. Linamar’s plant is destined to supply engine parts to the new Peugeot factory before expanding to new plants that should open soon in Morocco. […]
Amid bleak growth prospects in the MENA region on the backdrop of tightening fiscal policies in response to low oil prices, Morocco stands out with forecasts to post favorable growth prospects on the medium-term, Capital Economics’ Q2 2016 Middle East Outlook report said. “And Morocco’s economy, whose medium-term prospects are the brightest in the region, […]
Morocco announced on Monday an ambitious investment reform plan including multiple incentives, in a bid to capitalize on its business climate and political stability to attract more industrial investments. The incentives were revealed during a ceremony in Rabat chaired by King Mohammed VI. They include tax exemption benefiting industrial companies for up to five years, […]
Members of the European Parliament have underscored the soundness of the Morocco-proposed initiative to grant large autonomy to the Sahara under the Kingdom’s sovereignty, deeming this initiative as the ”best acceptable compromise” for settling the conflict. Their remarks came in a letter they addressed to the High Representative of the European Union for Foreign Affairs […]
Tunisian President Caid Essebsi has announced a unity government would be named no later than June 27, reports say. President Caid Essebsiis still continuing consultation for the formation of the unity government that he announced early this month. Local media, quoting close sources to the President, indicate that consultations will heat up this week to […]