Finance & Economy

The Covid-19 health crisis has damaged several key sectors, including tourism, resulting in unprecedented losses. And Morocco has not escaped it. In its report entitled “Covid-19 and tourism: Access to economic consequences”, the United Nations Conference on Trade and Development (UNCTAD) ranked Morocco in 7th position among the countries most …

The Minister of Economy and Finance, Mohamed Benchaâboun, gave more details on Tuesday about the amount of 6 billion dirhams that the government intends to make available to Royal Air Maroc (RAM). According to the minister, the government will grant RAM 60% of the financial support intended for its rescue …

Mosaic Company is quite pleased with the results of the opening in late June of countervailing duty investigations on exports of phosphates by the OCP and the Russian group PhosAgro to the US market. Professionals in the United States who “import products from the OCP or from the Russians have …

Morocco is one of the seven new countries where the services of Etsy Payments, an exclusive payment platform, will now be available. The company plans to expand into three more markets before the end of this year. The health crisis has given a major boost to online shopping and many …

Morocco is among the 10 richest nations in Africa according to the World Bank and has kept its fifth position as the continent’s largest economic nation in terms of GDP after, Nigeria, South Africa, Egypt and Algeria. The Kingdom is ahead of Angola, Kenya, Ethiopia, Tanzania and Ghana in this …

Two Moroccan women are on Forbes Magazine’s “Women Behind Middle Eastern Brands” 2020 list. On the forbes list of commercial brands created by women, we find Salwa Akhannouch for her brand “Yan & One” and Mouna Abbassi for the “Izil Beauty” brand. The forbes Magazine list includes women from the …

Faced with the effects of the global health crisis, the aircraft engine and equipment supplier Safran is mobilizing to get through this period without taking too much risk. As such, it has decided to avoid layoffs in France thanks to its “adaptation” plan and to relocate some of its factories …

British company Biwater won a turnkey contract from the National Electricity and Drinking Water Office (ONEE) to design and build a new wastewater treatment plant in the coastal town of Tarfaya in the South from Morocco. The design and construction contract is already underway with earthworks in progress. The Biwater …

The Spanish company RED Electrica announces that it has detected a new incident on the submarine reserve cable (number 4) connecting Morocco to Spain. However, the incident does not compromise the safety of the power supply to the interconnection, as the affected cable is out of service and therefore does …

The automotive industry has been one of the export sectors most affected by the Covid-19 crisis. Jobs are logically threatened there, recognizes a source at the Ministry of Industry, which however wishes to put things into perspective, explaining that several signals suggest that the layoff plans will be less violent …