The Moroccan dirham gains value against the euro The Moroccan dirham appreciated by 0.3% against the euro and depreciated by 0.34% against the US dollar during the period from October 10 to 16, 2024, according to Bank Al-Maghrib (BAM). During this period, no auction operations were carried out on the foreign exchange market, specifies the […]
Olive oil even more expensive in Morocco In Morocco, inflation continues to affect olive oil due to the drop in production. The harvests are far from meeting the needs of Moroccans. The first olive harvests in October are disappointing. “High temperatures in most regions known for olive oil production have significantly affected harvests so far,” […]
Ryanair fails to impose electronic tickets in Morocco Ryanair faces a major obstacle in its quest to go completely digital. While the airline plans to remove paper tickets and check-in counters in the rest of the world, it is forced to maintain the paper format in Morocco. The Moroccan authorities require airlines to print plane […]
Stellantis: Italy sacrificed for the benefit of Morocco? Concern is growing in Italy over Stellantis’ strategy. The automobile giant, while halving the production capacity of its Melfi plant and its supply chain in Basilicata, is doubling that of its Kenitra factory, Morocco. A situation that makes local economic players fear the worst. In Basilicata, the […]
Why the World Cup could transform Morocco Morocco’s co-organization of the 2030 World Cup alongside Spain and Portugal will have enormous socio-economic benefits for the country, but Morocco will have to make considerable efforts upstream. While certain countries, such as Brazil and South Africa, are still suffering from debts contracted for the organization of their […]
A large Turkish group leaves Morocco after only five years Faced with its inability to crush Chinese competition and that of slightly more premium brands with a much wider range like Zara Home, a Turkish brand is forced to leave Morocco after only five years of activity. While she had a most ambitious development project […]
Plane tickets between France and Morocco will be more expensive The probable increase in the prices of plane tickets between France and Morocco that would result from the decision of Michel Barnier’s government to increase the Solidarity Tax on Airline Tickets (TSBA) to raise revenue goes badly with the Union of French Airports (UAF) and […]
French industrialists are rushing to the door of Morocco French industrialists, including those in arms and energy, want to take advantage of the warming of relations between France and Morocco to win big markets. French President Emmanuel Macron is expected in the kingdom at the end of October. French industrialists, including those in arms and […]
A French hotel chain sets up in Morocco The development of foreign tourism in Morocco and the growth dynamics of the local market are motivating hotels to set up in the kingdom. A French hotel chain recently created a subsidiary in Marrakech. Caphotel is entering the African market. The Deret group, founded in 1947 by […]
Emmanuel Macron’s visit to Morocco: what impact on trade? France remains Morocco’s leading economic and financial partner despite growing competition, particularly with non-European players such as China and the United States. And the upcoming visit of French President Emmanuel Macron to Morocco will certainly boost trade between the two countries. Trade jumped by 24% in […]