Advertising

Economy


New Opportunity for Moroccans to Declare Foreign Assets

The Moroccan Foreign Exchange Office has introduced a year-long window for residents to disclose their previously unreported assets held abroad. The "Spontaneous Regularization Operation 2024” enables individuals and companies to anonymously step forward, paying a fixed penalty fee to legitimize......

Facilitating Customs Dispute Resolution to Bolster Trade Confidence

Recent amendments to Morocco’s customs code aim to streamline litigation procedures for questionable goods not physically seized. By easing the transaction process for these disputed items declared openly without seizure, customs authorities hope to boost tax and duty recovery while still protecting......

Streamlining Customs: Morocco's 2024 Finance Law Enhances Trade Facilitation

Morocco's Customs procedures receive a significant facelift with the enactment of the 2024 Finance Law, introducing crucial amendments to the Customs Code. The implementation of streamlined electronic declaration procedures is poised to propel international commerce, allowing operators to submit......

Abdellatif Jouahri Recognized as Best Central Banker in Africa

Abdellatif Jouahri, the Governor of Bank Al-Maghrib, has been honored as the "Best Central Banker in Africa for 2024" by "The Banker," a London-based financial and international affairs magazine affiliated with "The Financial Times" group. The prestigious "The Banker's......

Automobile Exports Sustain Impressive Momentum, Driving Economic Surge

In a remarkable display of resilience and growth, the automotive sector's exports surged to over 130.64 billion DH by the end of last November, marking a substantial 30.2% year-on-year increase, as reported by the Office of Foreign Exchange. This surge finds its roots in the expanding sales within......

Morocco Unveils DHAP: A Bold Move Towards Affordable Homeownership

On January 2nd, a momentous occasion unfolded as the online registration platform for Morocco's Direct Housing Aid Program (DHAP) was officially inaugurated. This groundbreaking initiative, unveiled by Fatima Zahra El Mansouri, Minister of National Planning, Urbanism, Housing, and City Policy, is......

Morocco's General Directorate of Taxation Unveils Ambitious 2024-2028 Strategic Plan

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......

Casablanca Stock Exchange Starts the Year in the Green

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 Final Act for Moroccan Glassmaker Tolba Verre: Navigating Industry Challenges

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......

Morocco Maintains "Medium-Stable" Business Environment Amidst Regional Uncertainty

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's Journey to Energy Independence: A 21% Decrease in Energy Imports

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......

Morocco: An Emerging Force in the Outsourcing Sector

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......

French Automakers Drive Growth in Morocco's Thriving Auto Industry

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,......