Finance & Economy

IKEA opened on Tuesday July 28, its second point of sale, to be closer to its customers in Casablanca. After Zenata, it is at the Morocco Mall, on the Casablanca corniche, where IKEA has set down its suitcases. Even though this new outlet is smaller than the first, a statement …

Starring the 100 most influential personalities of the continent, the pan-African weekly Jeune Afrique highlighted, businessmen, doctors, politicians and men of culture, artists, athletes as well as several other profiles, women and men originating in Africa or other continents but working in or with Africa. Six Moroccans appear (nine in …

At the end of 2019, the number of bank accounts recorded an annual increase of 5% to more than 28 million, after 4.7% at the end of 2018, indicates BAM (Bank Al-Maghrib) in its annual report on banking supervision. As for accounts opened by participating banks, their number stood at …

The 2020 season may end with the scores recorded in the early 1980s according to a statistical study carried out by Zoubir Bouhout, director of the Provincial Tourism Council of Ouarzazate. If the crisis persists, the number of arrivals would be around 2.37 million tourists. This would then represent a …

The National Railways Office (ONCF) announced the launch, from Monday July 27, of a special transport plan to support, in the best conditions of health security and comfort, the movements of travelers during the periods Eid Al Adha and summer. As part of the Office’s adaptation to changes in demand, …

Morocco’s Minister of Economy, Finance and Administration Reform Mohamed Benchaaboun said that the country’s economy would recover gradually by 2022. The kingdom is going through its worst economic crisis since 1995 because of the stringent lockdown measures it imposed in a bid to curb the spread of the novel coronavirus …

The European Bank for Reconstruction and Development (EBRD) is responding to the impact of the coronavirus pandemic on the Moroccan economy with a US$ 100 million loan to Banque Centrale Populaire (BCP) for on-lending to local private businesses. The loan is the second in the country under the EBRD Solidarity …

The investments of the African Development Bank (AfDB) in Morocco, the financial institution’s first client, have reached more than $ 1.1 billion during the last 8 months, according to the representative resident in the Kingdom, Leila Farah Mokaddem. “Morocco is a country with which we have enjoyed excellent relations for …

The impact of the coronavirus health crisis on Moroccan tourism continues. Some studies show that Morocco could lose up to 10 million tourists this year. An unprecedented loss for Moroccan tourism. The summer season is far from being profitable for tourism professionals whose sector has been hard hit by the …

Morocco’s ambition for the coming years is to become the world leader in automotive competitiveness. To meet this challenge, the kingdom will have to rely on a “carbon-free” industry. The Moroccan automotive sector is enjoying years of glory to the point that it has become more competitive than European countries …