ONHYM and ESSO sign key hydrocarbon exploration deals in Morocco
The National Office of Hydrocarbons and Mines (ONHYM) and ESSO Exploration International Limited (ESSO) signed two recognition contracts on Tuesday in Rabat. This is...
Fès gears up for 2030 World Cup with new strategic plan
On Tuesday in Fès, Interior Minister Abdelouafi Laftit announced the upcoming implementation of an urgent action plan as part of the preparations for Morocco's...
Boosting Moroccan startups: The inaugural “Lab Innova” for Morocco
The first edition of "Lab Innova for Morocco," a training project held from July 1st to 4th at Technopark Casablanca, is providing invaluable support...
Foreign direct investment in Morocco surges to over 10 billion dirhams
Foreign Direct Investment (FDI) in Morocco reached over 10.1 billion dirhams (MMDH) in the first five months of this year, a significant increase from...
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)...