Emerging Markets Finance Headlines Morocco

Tax amnesty: Over $10 bln injected in Morocco’s banking system

Moroccan banks were busy treating requests by cash holders and owners of undeclared assets in exchange for a preferential tax of 5% only, in an operation that ended on December 31 with the injection of 100 billion dirhams or 10 billion dollars in the Moroccan banking system. At least 5 billion dirhams went to the […]

Emerging Markets Finance Headlines Morocco

Morocco records strong remittances growth

Moroccan expatriates’ remittances reached 108.67 billion dirhams through November 2024, showing a 2.8% annual increase, according to the latest foreign exchange statistics. The Office des Changes reports that remittances growth maintains its upward trajectory, marking a substantial 77% increase compared to November 2020 levels of 61.25 billion dirhams. The previous year closed at 115 billion […]

Business Emerging Markets Headlines Libya Morocco

Libya wants to resume direct air and maritime links with Morocco

Libya is interested in opening a direct air route and a maritime link with Morocco to boost economic ties, its transport minister Salem Al Shahboubi said. Sahboubi made the remarks during a meeting with his Moroccan counterpart Abdessamad Kayouh on the sidelines of the 29th General Assembly of the Arab Civil Aviation Organization (ACAO) held […]

Asia Headlines International Morocco

Means to enhance Moroccan-Qatari military cooperation discussed in Rabat

Means and ways of enhancing Moroccan-Qatari military cooperation were discussed at a meeting in Rabat Tuesday between FAR Inspector General Mohammed and Commander of the South Zone, Mohammed Berrid, and visiting advisor to the Amir of Qatar for Defense Affairs, Lieutenant General Hamad Ben Ali Al Attiyah.   During this meeting, both parties highlighted the […]

Business Emerging Markets Headlines Morocco

Tourism revenue, Morocco heads towards new record

Morocco’s tourism sector is growing at a steady pace breaking all records. Already in the first ten months this year, the number of tourists visiting the country surpassed last year’s level which was a record. In the eleven months this year, Morocco reached a new milestone in terms of revenue. Tourism revenue grew 7.2% to […]

Asia Headlines International Morocco

Is a phone call paving the way towards thawing Morocco-Syria relations?

Diplomatic ties between Morocco and Syria seem to be heading towards a warming up following phone talks Monday between the two countries’ Foreign Ministers Nasser Bourita and Asaad Al-Shibani. The announcement was made by the Syrian Ministry of Foreign Affairs. The phone talks between the two officials focused on the strong and promising bilateral partnership […]

Business Emerging Markets Headlines Mauritania Morocco

Morocco, Mauritania poised to strengthen fisheries cooperation

Morocco and Mauritania are poised to enhance their cooperation in the sector of fisheries as both sides share the same commitment to inject fresh momentum into collaboration on shared interests related to the sector. Means to give a new impetus to this cooperation were reviewed at a meeting in Rabat Monday between Secretary of State […]

Columns Headlines Maghreb Morocco

Morocco celebrates major diplomatic gains in 2024

Morocco achieved significant diplomatic gains in 2024, with France’s recognition of its sovereignty over the Sahara territory, ushering a new momentum in the Kingdom’s struggle to safeguard its territorial integrity and historic rights. In July, French president Emmanuel Macron sent to King Mohammed VI a letter stating that the present and the future of the […]

Americas Headlines International Morocco

Morocco’s King offers condolences to U.S. President following demise of Jimmy Carter

King Mohammed VI has sent a message of condolences and compassion to President of the United States Joe Biden, following the death of the former U.S. President Jimmy Carter that he described as “a man of reconciliation and dialogue”. In this message, the Sovereign expressed deep sorrow over the news of the passing of President […]

Algeria Columns Headlines Maghreb Morocco

False syllogism plagues western analyses of Moroccan-Algerian ties

In recent years many renowned western pundits exhibited the bad habit of establishing false syllogism and false equivalences when examining Moroccan-Algerian relations. In their quest to give their analyses the appearance of impartiality and neutrality, many western pundits tend to equate between the belligerent (Algeria) and the victim (Morocco). In this regard, two examples are […]