Morocco
Real Estate Market in Morocco Faces Sharp Decline Amid Health Crisis
The health crisis is hitting the real estate market hard. This is what the study by the real estate transaction website Mubawab indicates.
Topic
Economic crisis
Morocco
COVID-19 Pushes 300,000 Moroccans Below Poverty Line, 10 Million at Risk
The covid-19 pandemic will increase the poverty rate in Morocco by one percentage point. This is information revealed by a report jointly prepared by the United Nations Development Programme (UNDP), the United Nations Economic Commission for Africa (UNECA) and the World Bank.
Morocco
Royal Air Maroc Cuts Staff Salaries 30% Amid Global Flight Suspensions
Royal Air Maroc is suffering greatly from the immobilization of its aircraft, since the Moroccan government decided to suspend all air links with the international community.
Morocco
Morocco Unveils Austerity Measures and Foreign Borrowing to Combat COVID-19 Economic Impact
To cope with the economic consequences of COVID-19, the Moroccan state will cut spending and borrow in foreign currency.
Morocco
Morocco's Economy Resilient Despite Pandemic, Moody's Reports
In a note devoted to Morocco, the rating and financial evaluation agency believes that the country is making efforts to face internal and external shocks. For it, even if the current crisis is fraught with many repercussions, the Moroccan economy will be able to count on certain sectors to provide it with a breath of fresh air.
Morocco
Morocco's Tourism-Dependent Economy Faces Severe Impact from COVID-19 Pandemic
The American magazine "Foreign Policy" looked at the consequences of the current health crisis on the local African market, and particularly that of Morocco. According to it, this pandemic will have serious economic consequences on Morocco.
Morocco
Informal Workers in North Africa Face Economic Crisis Amid Pandemic Lockdowns
It is a lean period for workers without contracts and without social protection in the Maghreb. Whether in Morocco, Algeria or Tunisia, these workers hope for a rapid end to the crisis related to the coronavirus pandemic to regain their smile.
Morocco
Morocco's Central Bank Chief Outlines Economic Impact and Response to COVID-19 Crisis
Abdellatif Jouahri, Wali of Bank Al-Maghrib, in an interview with Medias24 , discussed the consequences of the Coronavirus on the economic sector of the kingdom, the support measures taken by the economic monitoring committee and the prospects.
Morocco
Morocco Offers Tax Relief and Loan Moratorium to Aid Tourism and Textile Sectors Amid COVID-19 Crisis
The spread of COVID-19 has had a detrimental impact on the economy of companies in the tourism and textile sectors. To address this, the economic monitoring committee has authorized two initial relief measures for these two sectors.
Morocco
Royal Air Maroc Seeks Unpaid Leave from Staff Amid COVID-19 Financial Crisis
Royal Air Maroc (RAM) is mired in an unprecedented financial crisis, to the point of negotiating unpaid leave with its staff.
Morocco
Coronavirus Disrupts Supply Chain for Casablanca's Major Commercial Hub
The halt of Chinese exports due to the coronavirus is not helping the business of "Derb Omar", the commercial district of Casablanca . There is great concern for the turnover of the users of this giant shopping center if solutions are not found very quickly to counter the virus.
Morocco
Casablanca Faces Financial Crunch as City Struggles with Debt and Low Revenue
The municipality of Casablanca is going through an unprecedented financial crisis, due to persistently low revenues and the weight of administrative expenses.