Textile: companies flee Portugal for Morocco Faced with the textile crisis in Portugal, many Galician (Spain) companies are rushing to Morocco, whose industry is booming. Traditional partner of Galicia, the Portuguese textile industry is facing an unprecedented crisis. More than a thousand Portuguese clothing companies have been declared insolvent over the past year and have […]
Marrakech taken by storm for the end of year celebrations As the end-of-year holidays approach, hotels in the Marrakech-Safi and Drâa-Tafilalet regions are full of tourists. “Compared to last year, the professional members of the association and others recognize that the red city is experiencing a greater influx this year,” assures Hespress Mustapha Amalik, secretary […]
MRE: billions sent to Morocco! Money transfers made by Moroccans living abroad (MRE) not only contribute significantly to Morocco’s GDP, but they also represent a real safety valve for families. MRE transfers, the other oxygen that promotes the development of Morocco. From two million at the start of 2000 to 5.1 million according to consular […]
Royal Air Maroc launches a new flight Royal Air Morocco inaugurated on Sunday a new airline linking Casablanca to Toronto. The inaugural flight, operated by a Boeing 787 Dreamliner, transported 204 passengers from Casablanca to Toronto. Departing from Toronto, the flight recorded nearly 275 passengers, for a total of nearly 480 travelers on the two […]
Morocco: here is the price of olive oil this year Morocco is facing an unprecedented olive crisis. Olive production planned for this year is experiencing a dizzying drop, a direct consequence of the years of drought that have plagued the country. And this will of course be reflected in the final price. According to the […]
ONCF attracts investors and prepares the future of rail in Morocco The railway expansion plan attracts investors who are ready to finance Moroccan projects. This is demonstrated by the success of fundraising by the National Railway Office (ONCF). Morocco’s National Railway Office (ONCF) aspires to raise 88 billion dirhams from investors to finance its railway […]
Morocco, new automobile giant, shakes Spain Morocco displays great economic ambitions. Its geographical position, close to Europe, its competitive workforce and its international alliances, particularly with the United States and Spain, speak in its favor. Rabat draws inspiration from the Spanish growth model to boost its economy, particularly by focusing on the automobile industry. Despite […]
When olive oil becomes a luxury for Moroccans Olive oil, a pillar of Moroccan gastronomy, is today found at exorbitant prices. The fault is a persistent drought which, for five years, has weighed down national production and weighed on household budgets. Every year, in November, the olive harvest begins. A key moment for Moroccans who […]
Egyptian billionaire to build huge tourist complex in Morocco Egyptian billionaire Samih Sawiris, at the head of a group of investors, is embarking on a major tourism project on the Moroccan Atlantic coast. Hotels, seaside resorts and other attractions are on the program of this complex which aims to boost the country’s tourism. The consortium, […]
Foreign investors flee Tangier The city of Tangier is losing its attractiveness for foreign investments. The reasons are multiple and intriguing. Faced with certain difficulties, foreign investments are leaving or deciding to leave Tangier. This is the option made by a renowned Asian investor, specializing in the manufacturing of car speaker systems, which would have […]