Business Headlines Morocco

Tourism Contribution in Morocco’s GDP Rose to 6.5% in 2015

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 […]

Headlines Morocco

Drumbeat of Bad News Continues for Pseudo-Sahrawi Republic

After the spate of setbacks it suffered recently, the drumbeat of bad news for the Polisario and its self-proclaimed Sahrawi republic seems to be continuing as Jamaica has announced this week that it withdraws its recognition of the Sahrawi entity. In an official document of the Jamaican Ministry of Foreign Affairs and Foreign Trade, dated […]

Africa Headlines International

North Africa Tourism Badly Hit By Terror Threat

The tourism industry in many North African countries was affected this year by the terror threats as travelers avoid popular destinations such as Egypt, Tunisia, Turkey…targeted by terrorists. According to the World Travel & Tourism Council, Egypt is one of the worst hit places, with tourist arrivals down nearly 50 pc so far this year. […]

Headlines Morocco

MedCOP Climate Calls for Collective Mobilization to Fight Climate Change

The second Conference of Parties of the Countries Bordering the Mediterranean on Climate Change (MedCOP Climate 2016) held in Tangiers July 18-19 called for a collective mobilization to fight climate change and stressed the need to implement appropriate actions adapted to the specificities of Mediterranean territories. The final document adopted by the conference, meant to […]

Features Headlines Morocco

Morocco’s Tourism Resilient despite Regional Turmoil, Minister  

Morocco’s tourism shows resilience with expectations to grow by 2% this year, despite unwarranted fears created by confusions over the turmoil that is plaguing several countries in the region, said the Moroccan tourism Minister, Lahcen Haddad. The Minister, who was speaking to Jeune Afrique Magazine, noted that instability in the region has slightly taken a […]

Headlines Morocco

Africa Morocco Link, New Ferry Company to Enhance Morocco’s Connectivity

A new Moroccan ferry company has been set up to enhance the North African country’s maritime connectivity with neighboring European countries. This initiative has been highly commended by tourism professionals and businessmen. Dubbed “Africa Morocco Link,” the company was established by BMCE Bank of Africa, a leading Moroccan and African banking group and Greek Attica, […]

Headlines Morocco

Morocco Wins Best international Tourism Destination Award

Morocco was reckoned Tuesday in Madrid Best Tourism Destination by Spanish La Razon Awards for the efforts and progress made by the Kingdom to develop its beautiful and attractive geographic landscape and cultural and historic heritage. La Razon Awards is an initiative of the Spanish daily La Razon, which reckons each year local and international […]

Algeria Headlines Uncategorized

Algeria: Lower house approves Investment bill limiting 49:51 rule

The People’s Assembly, Algeria’s lower house of parliament, adopted the 37 amendments of the bill on the promotion of investment and limited the controversial and strongly criticized 49:51 investment rule to “strategic sectors” only. The amendments were proposed by the committee of economic, development, industry, trade and planning affairs of the Assembly. The minister of […]

Egypt Headlines

Egypt: 24% drop in Russian tourists’ arrival

The number of Russian tourists’ arrival in Egypt has dropped by 23.9% in 2015 compared with 2014 figures. “A total of 2.4 million Russian tourists visited Egypt in 2015, down from 3.1 million in 2014,” an official from the Egyptian Ministry of Tourism indicated Friday. “The sharp decrease is a direct fallout of the downing […]

Headlines Morocco

Sahara: King Launches from Dakhla Development Programs Worth Nearly $ 3 billion

King Mohammed VI chaired, on Monday in Dakhla, the launch of several development programs worth nearly $3 billion that will be carried out in the Dakhla-Oued Ed-Dahab and Guelmim-Oued Noun regions. These outstanding projects are part of the global development model designed for the region and that was announced by the King from the Sahara […]