Finance & Economy

The repercussions of the Covid-19 pandemic were quickly perceived by the Royal Air Maroc (RAM), which cried “bankruptcy” from the start of the pandemic in the Kingdom. A bailout deal has been struck with the state, and “redundancy” figures prominently as one of the solutions to be implemented. The “redundancy” …

Growth will not return to its pre-epidemic trend until 2022 at the earliest, with a high level of uncertainty. Despite this, Morocco must move from a mitigation phase to an adaptation phase, argues the WB. The latter has just published its monitoring report on the economic situation in Morocco. For …

The Covid-19 pandemic has brought China and Arab nations closer together through the China-Arab States Cooperation Forum and the mechanism of political parties’ dialogue as they take concrete steps to build a China-Arab community with a shared future, officials and experts said. The ninth ministerial meeting of the forum rolled …

The Moroccan phosphate fertilizer industry has been targeted by a US investigation into possible subsidies harmful to industry players operating in the US. This move comes after complaints from Mosaic Company, a rival of the “Office Cherifien des Phosphates” (OCP). The US Department of Commerce has launched an investigation into …

The agency Fitch Ratings downgraded Morocco’s rating from BBB neutral to BBB negative during its most recent review. This drop is due, she explains, to the inevitable increase in public debt in relation to GDP, which is itself in decline. On a qualitative level, the agency considers the measures taken …

One of the top 5 fastest trains in the world is the Morocco’s high-speed train, with a maximum speed of 320 kilometers an hour, connecting Casablanca and Tangier in just two hours and ten minutes. The Morocco’s high-speed train is in the top 5 of the fastest trains in the …

Morocco’s (BBB-/Negative) recent supplementary budget for 2020 foresees the largest fiscal deficit and GDP contraction in decades, Fitch Ratings says. This is broadly in line with our expectation of a severe hit to the country’s economy and public finances from the coronavirus pandemic-related shock, which is reflected in the Negative …

The Maroc Telecom Group achieved a turnover of more than 18.3 billion dirhams during the first half of 2020, up 2.7% (stable on a comparable basis). This performance, in a context of health crisis linked to the pandemic of the new coronavirus (covid-19), is mainly due to the development of …

The doubling of the production capacity of the Kenitra plant will be effective from September, the PSA group said. The site will be able to manufacture up to 200,000 vehicles in the Middle East / Africa region from September 2020. The PSA group is resisting and adapting to the global …

Sudden shock, severe recession since 1995… These are the words used by the World Bank to demonstrate the impact produced by the coronavirus pandemic (Covid-19) and by the measures to stop activity taken to stop it in the Morocco. Despite the likely volatility of the economic recovery phase, the Kingdom …