Economy
The Moroccan Ministry of Tourism, Handicrafts, and Social and Solidarity Economy has introduced three ambitious programs with the aim of fortifying the competitiveness of participants in the country's artisanal sector. These initiatives are seen as integral components of the government's overarching......
A stringent property tax measure outlined in Morocco's 2024 Finance Act is poised to significantly impact real estate and business sales transactions within the country. Sale contracts can no longer be drafted until the seller obtains tax clearance, marking a pivotal change in the legal landscape. The......
A groundbreaking climate innovation hub has been launched in Marrakech, Morocco, with the aim of empowering entrepreneurs across the MENA region to develop solutions addressing the global climate crisis. The Marrakech Coalition for Climate Entrepreneurship (CCE) Hub, unveiled on December 12th, is supported......
A collaborative partnership between Morocco and three European Union member states Greece, Poland, and Italy has resulted in significant advancements in Morocco's competition law and oversight, as per officials. Ahmed Rahhou, President of Morocco's Competition Council, announced on Tuesday that......
Marrakech recently hosted a timely workshop, focusing on promoting the economic empowerment of women entrepreneurs in Morocco and the wider Arab world. This event, an integral part of the Arab Entrepreneurship Summit, brought together female business owners and economic leaders to discuss strategies......
Irish low-cost carrier Ryanair has revealed ambitious expansion plans for Morocco, solidifying its commitment to the country by offering more than 1,100 weekly flights across 175 routes this summer, including the addition of 35 new routes. As part of a substantial $1.4 billion investment, Ryanair is......
Two years after falling under the stewardship of investment fund manager Adenia, facilitated through Overseas Catering Services (OCS), the holding company overseeing contract catering operations in Morocco, Ivory Coast, and Senegal, Ansamble Morocco is actively advancing its foray into the complementary......
A high-stakes bidding competition is currently underway between European rail giants Alstom and Talgo, both vying for the highly lucrative contract to supply Morocco with 168 new trains. The state-owned national rail operator, Office National des Chemins de Fer (ONCF), initiated the bidding process in......
The "tax amnesty" initiative, introduced by Morocco's 2023 Finance Law for inactive companies, has recently been extended until December 31, 2024. Initially met with subdued interest, attributed to unfamiliarity with the legal framework, apprehensions about tax implications, and a tendency......
Morocco and Georgia have initiated negotiations to facilitate the signing of an air service agreement, as announced on the Facebook page of the Georgian Civil Aviation Agency (GCAA). A meeting took place between representatives of the aeronautical authorities of Morocco and Georgia during the ongoing......
Since the UK formally withdrew from the EU, Morocco and Egypt have experienced a surge in profits, benefiting from a significant shift in British vegetable imports beyond Europe. Recent data reveals that Morocco has tripled its produce exports to the UK from 2018 to 2022. Meanwhile, traditional EU suppliers......
According to Attijari Global Research's (AGR) "Weekly Hebdo Taux – Fixed Income" report covering December 1st to 7th, the obligatory market stands out due to favorable financing conditions in the late part of the year. AGR notes, "Since the beginning of the last quarter and in......
In a collaborative effort, the European Bank for Reconstruction and Development (EBRD) and the European Union (EU), in partnership with the Arrawaj Foundation for Inclusive Finance, are joining forces to support women-led micro, small, and medium enterprises (MSMEs) in Morocco. Under the "Women......
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