Finance & Economy

Tourism receipts are established at 9.7 billion dirhams at the end of March, up 80% compared to the same period last year. This improvement observed since the resumption of international flights continues, indicates the Minister of Tourism Fatim-Zahra Ammor, questioned by parliamentarians on “the measures taken in favor of the …

The Minister of Industry and Trade, Ryad Mezzour, chaired the inauguration ceremony of the new Adient Automotive Seating Morocco plant, in the presence of the President of the EMEA division, Michel Berthelin, the General Manager, Mohamed Al Fatine, local authorities and industrialists from the Kenitra free zone. Specializing in the …

Morocco’s gross domestic product is expected to rise 1.2% in 2022 before rebounding to 3% the following year as the pace of growth returns to pre-pandemic levels, the European Bank for Reconstruction and Development said on Tuesday. In a report presenting its economic forecasts, the EBRD notes that in 2022, …

The Russian invasion in Ukraine is pushing some companies in the automotive industry to leave this country, which was the center of gravity of the sector in Europe, to settle in Morocco. Automobile companies based in Ukraine started by leaving the country in view of the persistence of the crisis …

The Moroccan economy is expected to register a growth rate of 1.1% in 2022, against 3% previously forecast in January, according to the International Monetary Fund (IMF), which published its semi-annual World Economic Outlook report on Tuesday. The IMF also anticipates growth of 4.6% for Morocco in 2023. The Bretton …

Moroccan Minister of Agriculture Mohamed Sadiki told his country’s deputies recently that Morocco expected to lose 53% of its grain harvest this year. This, after the country suffered its worst drought in decades. A situation that pushes this North African country to increase its imports to meet local needs. The …

During the “World Best Banks Awards” trophy ceremony by the prestigious American magazine Global Finance, Attijariwafa bank won the “Best bank in Morocco for the year 2022” award for the 9th time. This prize is in addition to the prize for the best investment bank won by Attijariwafa bank at …

Growth in Morocco is expected to slow to 1.1% in 2022, the World Bank said Thursday, April 14 in a new report on the Mena region. In detail, agricultural production is expected to decrease by 17.3% due to the drought. The economy should be driven by a still solid but …

Morocco and the OPEC Fund for International Development have signed a $100 million loan agreement to finance the inclusive financial sector, aimed at developing the economy and supporting recovery from the Covid-19 pandemic. According to a press release from the Fund, this loan is granted under the “Financial and Digital …

At a time when the war unleashed in Ukraine by Russia raises fears of a shortage of wheat in the world, Morocco will create an additional reserve of soft and durum wheat. This announcement was made by Mohammed Sadiki, Minister of Agriculture. Responding to a question relating to the strategic …