Business Headlines Morocco

Morocco Receives Record 11.35 mln Tourists in 2017

Morocco closed 2017 with a record number of 11.35 million tourists visiting the country, that is a 10% rise compared to the previous year. The increase in foreign visitors covered traditional tourist emitting markets: France, Spain and Germany as well as emerging markets including China and Brazil, the tourism ministry said a statement. Revenues of […]

Asia Business Headlines International Morocco

Morocco Set to Attract 500,000 Chinese Tourists by 2020

As it seeks to diversify its tourist emitting markets, Morocco sees enormous opportunities in the Chinese market, which has 130 million tourists traveling abroad annually and spending generously. Morocco has therefore taken a series of incentives to attract 500,000 Chinese tourists by 2020 up from 10,000 in 2015. Soon after the visa exemption decision was […]

Business Headlines Morocco

Morocco on Way to be Listed among World’s 20 Largest Tourist Markets

With 10 million tourists in 2016, Morocco is progressing steadily towards the goal of becoming one of the world’s 20 largest tourist markets, Research and Markets said in a recent report. The report, dubbed “Destination Market Insights: Morocco – Analysis of source markets, infrastructure and attractions, risks and opportunities”, highlights Morocco’s tourist potential and its […]

Algeria Columns Headlines Opinions

Algeria’s Sapped Tourism Potential

Battered by a sharp decline in its international reserves, Algeria made of tourism a key sector to relieve its economy from an acute dependency on oil revenues. However, little is done to boost the contribution of tourism in GDP, which remains limited to 1.4% in 2016 with most tourists being Algerian expatriates returning to visit […]

Business Headlines Morocco

Marrakech Receives 2 million Tourists in 2017

Marrakech closed 2017 with a record number of 2 million tourists and 7 million nights. Figures released by the regional tourism center show that tourists visiting the Red city increased 20% in 2017 while registered nights grew 18% compared to last year. German tourists visiting Morocco’s first tourist hub rose by 56% followed by the […]

Business Headlines Morocco

Morocco: Tourist Arrivals at 9.7 million up to October

Palace Main Entrance Tourist arrivals in Morocco up to October 2017 have grown 9% compared to the same period last year to stand at 9.7 million tourists, the tourism ministry said. International tourist arrivals rose 14% while Moroccans living abroad visiting their homeland jumped 5%, the Ministry said in its latest statistics covering the January-October […]

Business Headlines Morocco

Royal Palace Worth $150 mln to be Transformed into Luxury Resort in Agadir

Once a Royal Palace overlooking the Atlantic Ocean and laying at the foot of the Western High-Atlas mountains, the edifice will soon be turned into a landmark resort adding to the tourist attraction of Morocco’s second tourist destination, Agadir, Moroccan media outlets reported. The palace, 20 km north of Agadir, was established by the late […]

Asia Business Emerging Markets International

Tunisia: Qatar’s investment reaches $1 billion in three years

Qatar is emerging as a key investor in Tunisia with a total investment worth $1 billion injected over the past three years. The $1 billion amount according the Chairman of the Qatar Chamber of Commerce and Industry, Sheikh Khalifa Bin Jassim Al-Thani, is mostly directed towards tourism, telecommunications and financial sectors. Sheikh Khalifa announced the […]

Business Headlines Morocco

Tourist Arrivals in Morocco at 8.28 Million up to September

Tourist arrivals in Morocco up to September 2017 have grown 9% compared to the same period last year to stand at 8.28 million tourists, the tourism ministry said. International tourist arrivals rose 13.2% while Moroccans living abroad visiting their homeland jumped 5.2%, the Ministry said in its latest statistics covering the January-September 2017 period. Arrivals […]

Egypt Headlines

UK Maintains Flight Ban on Egypt’s Sharm el-Sheikh Airport

Egypt’s tourism revenues were hard hit by a travel ban on its popular winter sun destination of Sharm el-Sheikh, which continues to be maintained by the UK. A charm offensive has been launched by Egyptian authorities to highlight the attractions of other Red Sea resorts since the UK banned its airlines to land in Sharm […]