Morocco's General Directorate of Taxation (DGI) has outlined its ambitious goals for the next five years through its newly unveiled 2024-2028 strategic plan. Building upon the successes of its prior 2017-2021 strategy, the DGI seeks to fortify tax collection, encourage civic duty, modernize processes......

Trading at the Casablanca Stock Exchange opened the new year on a positive trajectory following a brief closure for the holidays on Monday. The primary index, MASI, showcased a robust start by advancing 0.66%, ultimately closing at 12,172.92 points as reported from Tuesday's session. The positive......

The glassmaking industry in Morocco continues to face severe challenges amidst competitive pressures. Following the 2019 collapse of Tangier-based Glassry, a former industry leader backed by Moroccan investors that disintegrated just five years after its highly-publicized launch, another local manufacturer......

Amidst the economic and political uncertainties prevalent in the Middle East and North Africa (MENA) region, Morocco stands out as a relatively stable operating environment for international companies, according to a recent risk assessment. In Control Risks' 2023 RiskMap report, Morocco secured......

Morocco has achieved a significant milestone on its path to energy independence. The North African nation successfully slashed its energy import bill by more than 21% in the first 11 months of 2023 compared to the previous year, as announced by the Moroccan Office of Exchange on Tuesday. This substantial......

In recent years, the Kingdom of Morocco has emerged as a key player on the global outsourcing stage. Ranked as the second-best destination in Africa and 28th internationally, experiencing a remarkable ascent of 12 positions according to the Global Services Location Index (GSLI) 2023, the country has......

Morocco's automotive industry has experienced significant growth in recent decades, marked by impressive achievements in exports and job creation. Over the past ten years, double-digit average growth in both these key indicators has propelled the sector to an annual revenue exceeding 85 billion dirhams,......

Morocco's trade deficit witnessed a substantial reduction during the first 11 months of 2022, decreasing by 21.5 billion Moroccan dirhams (DH) compared to the same period last year, according to the country's Foreign Exchange Office. In the midst of global economic challenges, exports demonstrated......

In a glimpse into the Moroccan market's future, a recent survey conducted by Bank Al-Maghrib, the country's central bank, reveals that more than one-third of business owners (34%) are optimistic about improved market conditions in the next three months. This survey, conducted in November, provides......

In a pivotal stride toward fortifying Morocco's agricultural cooperative landscape, the 2024 Finance Law heralds an extended VAT exemption designed to invigorate the sector. This progressive measure not only seeks to slash operational costs but also aims to propel the competitiveness and expansion......

In a promising development for Morocco's economy, new data from the Exchange Office reveals that remittances from the Moroccan diaspora have reached an impressive MAD 105.4 billion, equivalent to $10.65 billion as of November. This figure represents a notable 4.4% increase compared to the same period......

In a recent report titled "Fixed Income Weekly" by BMCE Capital Global Research (BKGR), the primary market has experienced a significant surge in treasury uptake, totaling an impressive 7.2 billion dirhams (MMDH) from December 22nd to 28th. During the final auction session of the year, the......

In a momentous development, Sofac has officially declared a substantial increase in its social capital, soaring from DH 193.2 million to DH 210.45 million. This remarkable growth, totaling DH 17.25 million, was accomplished through the issuance of 172,500 new ordinary shares, each carrying a nominal......