Moroccan dirham strengthens against euro The Moroccan dirham appreciated by 0.95% against the euro and by 0.15% against the US dollar in the second quarter of 2024, according to Al-Maghrib Bank(BAM). Compared to the currencies of the main emerging countries, the national currency appreciated by 5.40% against the Brazilian real, by 4.72% against the Turkish […]
Why Tangier attracts creatives from around the world From the abolition of its international status to its annexation to Morocco in 1956, Tangier has begun its metamorphosis since the enthronement of King Mohammed VI and continues to attract creative people from all over the world and tourists. In an article published on September 23, The […]
Transavia launches new flights to Morocco Dutch low-cost airline Transavia is to take over routes between Morocco and France operated by Irish low-cost airline Ryanair. From December 12, Transavia will take over five routes operated by Ryanair from Bordeaux-Mérignac airport: Marrakech (four flights per week), Agadir (two flights per week), Marseille (four flights per week), […]
Marrakech: When the nocturnal charm becomes a nightmare for travelers A Moroccan city is among the most sleep-disrupting tourist destinations, according to a study by a specialist Australian website. An Australian mattress company conducted a study of tourist destinations and ranked the tourist places where it is the most difficult to sleep. Five critical factors […]
Morocco forced to import olive oil The government of Aziz Akhannouch has finally found a solution to overcome the decline in local olive oil production due to drought, which has seriously affected the country’s agricultural harvests and caused the price of the product to soar. Importation is the solution found by the Moroccan government to […]
Morocco: “considerable reserves” of gas discovered London-based British oil and gas exploration company SDX Energy has announced that it has made a new gas discovery in Morocco. Following an extensive analysis of three-dimensional seismic data spanning over 650 square kilometres, SDX Energy has discovered significant natural gas reserves, estimated at 47 billion cubic feet, in […]
Morocco: Changes for real estate transactions In Morocco, changes have been made to certain provisions of the Code of Real Rights, notably Article 4. Here is what will change for real estate transactions. Article 4 of the Code of Real Rights now stipulates that “sales agreements or powers of attorney relating thereto must be subject […]
France-Morocco: increase in the price of plane tickets According to the Air Passenger Transport Price Index (IPTAP) of the Directorate General of Civil Aviation (DGAC), the prices of plane tickets between France and Morocco have started to rise again. In August 2024, the change in prices of plane tickets departing from France is zero compared […]
Moroccan dirham falls against the euro THE Moroccan dirham appreciated by 0.23% against the US dollar and depreciated by 0.58% against the euro during the period from September 12 to 18, 2024, according to Al-Maghrib Bank (BAM). During this period, no auction operations were carried out on the change market, BAM specifies in its weekly […]
Turkish embargo: Israel turns to Moroccan cars The trade embargo imposed by Turkey on Tel Aviv due to the ongoing war in the Gaza Strip is causing serious disruptions in the Israeli automotive sector. Faced with this situation, Israel has turned to Morocco to import cars produced on its territory. Turkey halted trade with Israel […]