Economy

EU Definitively Removes Morocco from 'Grey List' of Taxation

In recognition of the Kingdom's efforts in terms of financial reforms and fiscal governance, the member States of the European Union (EU) have decided to permanently remove Morocco from the "grey list" of taxation. For the EU, Morocco now complies with all international tax standards that allow it to be included in the restricted club ...

15:10 Et February 22, 2021

Morocco invites Turkish investors to explore Southern regions potentials

The Speaker of the House of Representatives of Morocco, Habib El Malki, has invited the Turkish investors to explore the potentials that southern Moroccan regions offer. According to ...

22:26 Et February 20, 2021

Maroc Telecom reports $674 million profit in 2020

Maroc Telecom, the largest telecom operator in Morocco and an essential actor in the African continent, reported yesterday an adjusted profit of 6 billion dirhams ($674 million) in ...

13:43 Et February 20, 2021

Bitcoin Market Value Hits $1 Trillion

Bitcoin's market capitalization reached $1 trillion on Friday as its price climbed to a new record high level just below $55,000. The cryptocurrency hit a new record high ...

20:28 Et February 19, 2021

Air traffic in Morocco down 68% in January

Morocco's airports received 638,806 passengers in January 2021, i.e. a 68% decline year-over-year, according to the National Airports Office (ONDA). Casablanca's Mohammed V airport received more than 47% ...

19:19 Et February 18, 2021

Earthquake impact: Nissan suspends temporarily output at two assembly plants in Japan

Nissan Motor Co said on Thursday it will suspend production at two of its domestic assembly plants for two days next week. according to Reuters, the reason behind ...

10:47 Et February 18, 2021

Morocco: Investment Commission approves 34 projects for 11.3 Billion dirhams

The Investment Commission, convened on Wednesday under the chairmanship of Head of Government, Saad Dine El Otmani, approved 34 draft agreements and amendments for a global sum estimated ...

23:20 Et February 17, 2021

Moroccan BMCE bank closes three branches in Spain after financial fines

Three Spanish branches of BMCE International Bank, which belongs to the Moroccan 'Bank of Africa', will be closed at the end of the current month, local Spanish media ...

16:45 Et February 17, 2021

EU: Passenger Car Market Shrinks 24% in January

The EU's passenger car market shrank 24% in January compared to the same month last year, the European Automobile Manufacturers' Association (ACEA) said Wednesday. Automobile registrations across the 27-member bloc stood at 726,491 last month, marking the lowest January total on record, the ACEA said in a statement. All 27 EU markets except France and ...

14:12 Et February 17, 2021

Investment takes 10% of Moroccan expats' money transfers

Nearly 10% of money transfers from Moroccans abroad, i.e. 68 billion dirhams in 2020, are directed to investment, mainly to property and real estate, said Tuesday in Casablanca ...

19:51 Et February 16, 2021
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