DGI updates late payment penalty rates starting June 2024
The General Directorate of Taxes (DGI) has announced that invoices with overdue payments starting from June 1, 2024, will incur a financial penalty at...
Key highlights from HCP’s economic report for Q1 2024
The High Commission for Planning (HCP) has released its economic report for the first quarter of 2024, presenting ten key points on Morocco's national...
Morocco, a key hub for Stellantis’ automotive investments (Spanish newspaper)
Morocco has become a prime destination for automotive giant Stellantis, according to the Spanish specialized magazine Híbridos y Eléctricos. In response to growing competition,...
CNOPS board approves AMO public sector accounts certification and urges reforms
The Board of Directors of the National Fund for Social Security Organizations (CNOPS) has approved the unreserved certification of the AMO Public Sector accounts...
Bank credit in Morocco reaches 1.096.9 billion dirhams by May 2024
Bank credit in Morocco has climbed to 1.096.9 billion dirhams (MMDH) by the end of May 2024, reflecting an annual increase of 4.6%, as...
Islamic real estate financing soars to 22.8 billion dirhams by May 2024
The growth of participatory financing for housing, particularly in the form of "Mourabaha immobilière," has continued its upward trend, reaching 22.8 billion dirhams (MMDH)...
Morocco’s trade deficit narrows by 1% in first five months of 2024
Morocco's trade deficit has decreased by 1%, reaching 117.089 billion dirhams (MMDH) in the first five months of 2024, compared to 118.26 MMDH during...
Hassan Laaziri takes the helm at AMIC
The Moroccan Private Equity Association (AMIC) has announced the appointment of a new Board of Directors, unanimously electing Hassan Laaziri as the new President....
Moroccan dirham gains 0.9% against euro
The Moroccan dirham saw an appreciation during the week of June 20-26, 2024, gaining 0.9% against the euro and 0.37% against the US dollar,...
Moudawana: Analysis on Royal consultation with the supreme Council of Ulemas
On June 28, His Majesty King Mohammed VI, Amir Al Mouminine, decided to consult the Supreme Council of Ulema regarding certain religious issues presented...