First Independent Mena Newspaper
Two key sources of Morocco’s inflow of hard currency, remittances from Moroccans abroad and tourism receipts are heading towards another record in 2026 at 123 billion dirhams ($12.8 bln) and 125 billion dirhams ($13 bln) respectively, the central bank said. This improvement would help offset the deepening trade deficit due to higher imports of equipment […]
Morocco’s tourism continues its impressive performance with 10% increase in receipts to 8.8 billion dirhams or 880 million dollars, the foreign exchange office said. Remittances from Moroccans living abroad rose 0.5% to 950 million dollars in the first month this year. Foreign direct investments jumped 24% to 500 million dirhams, helping attenuate the country’s current […]
Turkish authorities have successfully returned 152 cultural artifacts of Egyptian origin after they were seized during a search of a foreigner’s home in Turkey. The items, including figurines, seals, and amulets dating from 4000 B.C. to the 1st century, were identified by experts from the Fethiye Museum as being unlawfully acquired. Legal action was promptly […]
Morocco’s tourism revenue grew 7% to 11.2 billion dollars thanks to increased arrivals, the tourism ministry said. With 17.4 million tourists visiting in 2024, arrivals were two years ahead of schedule or 20% higher compared with 2023, showing the country has turned the Covid-19 page thanks to major investments in its hospitality sector. Morocco plans […]
Morocco has become Africa’s top tourist destination with new record arrivals of 17.4 million tourists in 2024, the tourism ministry said. Arrivals were two years ahead of schedule or 20% higher compared with 2023, showing the country has turned the Covid-19 page thanks to major investments in its hospitality sector. Of all visitors, 51% were […]
Morocco’s National Tourist Office (ONMT) received the “Most Welcoming Destination” award on Tuesday evening at the Arab Travel Awards, held on the sidelines of the World Travel Market (WTM), which runs from November 5 to 7 in London. At the 2024 edition of the WTM, the ONMT highlighted Morocco’s offer through a vast 800-square-meter pavilion, […]
Morocco’s tourist receipt grew 20% in August to a record 17 billion dirhams or $1.75 billion, underscoring a strong recovery of the sector, the tourism ministry said. In the first eight months this year, travel receipts increased 7% to 76 billion dirhams ($7.8 bln), it said in a statement. “These results confirm the unprecedented momentum […]
Morocco received 10 million tourists up to July this year, a record, as the country expects to outperform last year’s arrivals, the finance ministry said. Arrivals in the first seven months were 15% up compared to the same period last year, it said. In the month of July alone, 2.6 million people visited Morocco, up […]
A new credit rating agency designed to address the needs of sovereign borrowers in Africa, and led by an African Union (AU) Commissioner, is on track to be launched in 2025, according to a senior AU official. Speaking with reporters in Accra, the AU Commissioner for Economic Development, Trade, Tourism, Industry and Minerals, Albert Muchanga, […]
Morocco has received 7.4 million tourists in the first six months this year, up 14%, a pace that let the tourism minister express optimism to attain the 17.5 million tourists ahead of the 2026 target. The performance of the tourism sector up to June this year was 38% higher compared with the same period in […]