Morocco: real estate developers under close surveillance The Ministry of the Interior led by Abdelouafi Laftit is leading a fight against tax evasion in the real estate sector. In its sights, real estate developers who do not pay the tax on undeveloped land (TNB) and certain presidents of municipalities who comment on certain offenses. Concerns […]
Moroccans trapped in Lebanon Many Moroccans find themselves stranded in Lebanon where the conflict between Israel and Lebanese Hezbollah is intensifying and are unable to buy plane tickets which have become too expensive to return to Morocco. Fearing for their lives, they appealed to King Mohammed VI and the Moroccan embassy in Beirut. Ticket prices […]
Bank charges: Bank Al-Maghrib says stop abusive commissions Bank Al-Maghrib has just put the brakes on fees generated by card payments. The Moroccan central bank has decided to cap the commission charged on each transaction made with a bank card issued in Morocco at 0.65%. Until now, the amount of these interchange fees was free, […]
The Moroccan dirham gains value against the euro The Moroccan dirham appreciated by 0.26% against the euro and by 0.85% against the US dollar during the week of September 19 to 25, according to Bank Al-Maghrib (BAM). During this period, no auction operations were carried out on the foreign exchange market, specifies the central bank […]
Risk of cancellation of flights between Morocco and Belgium Many flights between Morocco and Belgium could be canceled due to a national strike at Belgian airports. Tuesday October 1 will be a difficult day for travelers. And for good reason, “all flights departing from Brussels Airport (Brussels-Zaventem) are canceled, while Charleroi-Brussels South airport will operate […]
MREs at the heart of the investment strategy in Morocco Promoting investment by Moroccans living abroad (MRE)in Morocco was on the agenda of an important meeting in London, attended by Moroccan experts and officials. Promote dialogue with public and private authorities in order to promote investment by MREs. This is the objective of the meeting […]
Good news for Moroccan motorists Good news for Moroccan motorists! Fuel prices will again see a significant drop in the coming days. According to informed sources, diesel will drop by around 20 cents per liter, while gasoline will see its price drop by 30 cents.
Morocco: why are fuel prices not falling? In Morocco, fuel prices are slightly impacted by the drop in prices in September. While Brent closed at 73.82 dollars per barrel, a price lower than the August average (80.36 dollars), the reductions do not exceed 20 to 30 cents per liter in Morocco, bringing the average prices […]
Morocco: real estate developers blacklisted The National Council of the Order of Notaries of Morocco intends to contribute to the efforts made to “establish contractual security”. In this sense, the organization has decided to establish a blacklist of “undesirable” real estate developers. The names of promoters “convinced of having caused problems relating to breach of […]
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 […]