Morocco
Morocco's Auto Sales Surge 37% in Q1 2021, Signaling Recovery
The automotive market in Morocco is finally regaining its pre-crisis momentum. In March 2021, 16,717 new vehicles were sold, an increase of 18.46% compared to February 2021.
Topic
Revenue
Morocco
Moroccan Transport Giant CTM Reports 43% Revenue Drop Amid COVID-19 Restrictions
The coronavirus health crisis has strongly impacted the consolidated turnover of the Compagnie des transports du Maroc (CTM) , which stood at 373 million DH, a decrease of 43.1%. The restrictions imposed on the main cities, the cap on the occupancy rate at 75% and the curfew are at the origin of this poor performance.
Spain
Moroccan Immigrant Family Builds Vegetable Empire in Spain, Employing 250
In the vegetable sector in Spain, the company Frutas Azahara, led by a family of Moroccan origin, holds a prominent place. Arriving in Spain in the 1990s with little means, they have managed to emerge by revolutionizing the Spanish vegetable sector, which was embryonic at the time.
Morocco
Morocco's Tourist Transport Industry Struggles Amid Pandemic Slump
The health crisis related to the coronavirus pandemic has strongly impacted all the links in the tourism sector in Morocco . Tourist transport companies are facing a difficult situation, with losses ranging from a drop in turnover to the deterioration of many vehicles for long-term parking.
Morocco
Morocco's Pastry Chefs Face Holiday Slump Amid COVID-19 Restrictions
A year ago, the year-end holiday season rhymed with overflows and cash inflows for pastry chefs who set the date beyond which no more orders would be received. But with the current health crisis and the measures taken by the authorities, pastry chefs will not see many people.
Morocco
Morocco's Chocolate Industry Hit Hard as Holiday Sales Slump Amid Economic Crisis
Every year-end, the Moroccan chocolate market experiences its peak. But this year, due to the health crisis, Moroccans seem to have shunned this little pleasure.
Morocco
Morocco's Network Marketing Sector Faces Job Losses Amid Rising Import Duties
In Morocco, the increase in import duties of 25%, 30% and since last July 40% has weighed down the turnover of several major brands affiliated with the Moroccan Federation of Network Marketing, which could lead to a huge loss of jobs. Today, the sector is doing very poorly.
Morocco
Casablanca Alcohol Retailers Protest License Revocations and Closures Amid Pandemic
Following the closure of several venues and the withdrawal of alcohol licenses, professionals in the field, through the Alliance of Free Trade Unions, organized a sit-in this Friday, September 25, starting at 10 a.m., in front of the Wilaya of the Casablanca-Settat region.
Morocco
Moroccan Flower Industry Wilts Amid Pandemic Restrictions
Tough times for florists in Morocco. The sector, focused on highly perishable goods, is going through a painful period that has lasted since the beginning of the state of health emergency.
Morocco
Morocco Braces for Wave of Layoffs as Covid-19 Cripples Economy
Due to the Covid-19 pandemic, Moroccan companies are facing an economic slump, weighed down by the burden of salaries and unpaid bank loans. Already, several managers are rushing to consulting firms with the aim of exploring and implementing massive layoffs.
Morocco
Morocco Leads Russian Blueberry Market, Exports Surge 36% Despite Pandemic
Fruit exports to the Russian market reached 1,900 tons and generated $13.7 million in the first half of 2020. Morocco thus confirms its position as Russia’s leading fruit supplier.
Morocco
Moroccan Dirham Gains Against Euro, Slips Versus Dollar Amid Economic Shifts
The dirham appreciated by 0.67% against the euro and depreciated by 0.21% against the dollar during the period from September 3 to 9, 2020. This is indicated by data from Bank Al-Maghrib (BAM).