Finance & Economy

Morocco is no longer on the gray list of tax havens in the European Union (EU). So decided the Union’s Foreign Affairs Council on Monday. The conclusions of the Council of the EU, approved on Monday, 22 February 2021, are the final and definitive step in the procedure which follows …

The new Digital 2021 report series, released in partnership with We Are Social and Hootsuite, shows that technology, as a whole, has become an even more essential part of people’s lives over the past year: social media, e-commerce, streaming content and video games all showing significant growth in the past …

The international real estate agency, Chestertons Global Franchise Holdings Limited, announced the opening of its very first branch in Morocco. Based in Rabat, Chestertons Morocco will offer, in addition to the traditional real estate agency business, all the services that have made Chesterons International Real Estate Brokerage famous since 1805, …

The United Nations Conference on Trade and Development (UNCTAD) Productive Capacity Index (PCI) is a dynamic and practical tool intended to help developing countries understand the state of their productive capacity and how to improve it. It relies on productive capacities, which are essential to generate inclusive and sustained economic …

In Morocco, the budget deficit recorded in 2020 remains “under control” compared to most of its neighboring countries, which testifies to the fiscal prudence deployed to face the crisis linked to the Covid-19 pandemic, underlined the Director of the Maghreb and Malta Department at the World Bank (WB), Jesko S. …

Morocco made the first payment of its quota relating to the capital increase of the African Development Bank (AfDB). Algiers and Abidjan will also make their payment during the year 2021, like other African countries. Morocco’s share of the first installment is worth 23.44 million units of account, or approximately …

Moody’s rating agency maintained Morocco’s “Ba1” credit rating due to its ability to access external and domestic financing on favorable terms. While Morocco’s rating has been confirmed, its outlook has nevertheless changed from “stable” to “negative”. This ability to obtain financing allows the kingdom to meet higher gross borrowing needs, …

Four Moroccan women appear in the Forbes 2021 ranking of the most powerful businesswomen in the Middle East. Like the other laureates, Forbes Middle East pays tribute to these Moroccan women who have succeeded in establishing themselves in business despite the health crisis caused by the coronavirus. According to Forbes, …

The Cegos group is pursuing its international development strategy, with the creation of a new subsidiary in Morocco. Indeed, the international leader in vocational training has announced the signing of a new partnership agreement with Formafrique, a consulting and training firm based in Morocco, at the end of which Formafrique …

Glovo is launching its home delivery services in 8 new cities, totaling 18 urban centers in Morocco since its launch in 2018. After Casablanca, Mohammedia, Dar Bouazza, Rabat, Temara, Kenitra, Tangier, Marrakech, Agadir and Fès, Glovo is now present in El Jadida, Meknes, Oujda, Tetouan, Laâyoune, Beni Mellal, Berkane and …