Only 5.8% of Moroccans Are Able to Save Money: HCP

Rabat - According to recent research, it is almost impossible for Moroccans to save any money.  A study on household confidence conducted by the Moroccan Planning Authority (HCP) has shown that only 5.8 per cent of Moroccan households can save part of their income. The study has found that Moroccan households remain pessimistic about their ability to save money in the coming months. In the first three month ...

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Morocco’s Foreign-exchange Reserves Cover 5 Months, 9 Days of Imports

Rabat - Morocco’s foreign reserves rose to cover 5 months and 9 days of imports compared to 4 months in December 2013, said Jawad El Hamri, the Director General of Morocco’s foreign exchange regulator, Office des Changes. The rise in foreign exchange reserves is mainly ascribed to the improvement of the trade balance, El Hamri was quoted as saying by the French-speaking daily Economist on Thursday. El Hamri ...

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Moroccan Economy Threatened by Deflation

Rabat- The Moroccan economy is threatened by a deflation that might have a negative impact on employment, income and demand, says the latest monthly note of the Moroccan Conjuncture Centre (CMC). The CMC said that a detailed analysis of the various indicators of the Moroccan economy showed a decline in the internal dynamics of the overall economic activity. According to Arabic-speaking daily newspaper Al Ma ...

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Moroccan Exports To Increase By MAD 8.4 Billion in 2015

Casablanca - Moroccan exports will increase by 8.4 billion dirhams to reach 240 billion dirhams late 2015, officials from the Euler Hermes, a global credit insurance company, announced on Tuesday in Casablanca. Europe, India and Africa are the top destinations for the sectors of chemical products, agri-food and textile, they said. Presenting the results of its 2nd Trade International Observatory: "Exports R ...

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Morocco: Can Tourism Carry the Economy Through the Difficult Years Ahead?

Marrakech - The Moroccan government insists that 2014 will be a good year despite the fall in phosphate exports and the likelihood that agricultural production of cereals may fall by 31% this year due to adverse conditions. Growth projections from the IMF, World Bank, and the HCP vary from 3 to 3.5%. Morocco’s automotive sector has now done better in exports than in phosphates, as OCP encounters a difficult ...

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Morocco Attracted $3.36 Billion of FDI in 2013: UN

Geneva - Morocco has attracted 3.36 billion dollars of foreign direct investment (FDI) in 2013, a significant increase of 23 percent compared to the previous year, according to a UN report on "World Investment." According to the report of the UN Conference on Trade and Development (UNCTAD), the Kingdom is reinforcing its positioning as a hot destination for foreign investment, thanks to an industry with a s ...

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Lagarde Call on Her Blog For Freeing up the Moroccan Economy

Marrakech- In her IMF blog, Managing Director of the IMF Christine Lagarde recorded her impressions of her recent visit to Morocco, noting how well the economy has performed in the face of global recession and the aftermath of the Arab Spring. Morocco has remained stable whilst its neighbors have been in turmoil, and further economic reforms in Morocco are on the way. The head of the IMF noted that the prob ...

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Moroccans Pessimistic about the Future: HCP Statistics

Casablanca- The alarming statistics revealed by the High Commission for Planning (HCP) last week on the rate of unemployment in Morocco have incited Moroccans’ pessimism about the future of employment in the kingdom. Nearly 114,000 Moroccans have joined the camp of jobless citizens and around 10,000 jobs were lost, according to the HCP. A report recently revealed by the same institution has shown Moroccans’ ...

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Foreign Direct Investments in Morocco Increased 24% in 2013: Benkirane

El Jadida-  Head of government, Abdelilah Benkirane said despite the impact of the global economic crisis, Morocco's economic appeal was strengthened thanks to the increase by 24% in foreign investment in 2013. In a speech given on his behalf by minister of state, Abdellah Baha at the opening of the 3rd Arabs Business Forum, held Monday in El-Jadida, the head of government said that over 20 billion dollars ...

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Fitch Ratings Says Morocco’s Outlooks on Long-term IDRs Are Stable

London - Statistical rating organization Fitch Ratings has affirmed Morocco's Long-term foreign and local currency Issuer Default Ratings (IDRs) at 'BBB-' and 'BBB' respectively. The issue ratings on Morocco's senior unsecured foreign and local currency bonds were also affirmed at 'BBB-' and 'BBB' respectively. The Outlooks on the Long-term IDRs are Stable, it said. The Country Ceiling was affirmed at 'BBB' ...

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Four Moroccan groups among North Africa’s top 10 enterprises in 2014

Paris - Four Moroccan groups are listed among North Africa's top ten enterprises for 2014, according to a ranking published by "Jeune Afrique" weekly published in Paris. The groups are Samir (oil refining), SNI (national investment company) OCP (phosphates) and Maroc Telecom. Samir and SNI also appear in the top 20 list of 500 best enterprises. Overall, 77 Moroccan enterprises are listed among the 500 first ...

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Aeronautics: A Boeing Leader Highlights Moroccan Market Attractiveness

Washington -  Boeing's director of supply chain management Bob Noble highlighted, in a statement to MAP on Friday, the attractiveness of the Moroccan aeronautics market. The Moroccan market stands out thanks to its sound government structural policies, infrastructure, training programs and skilled labor, said Noble who lauded Boeing's participation in the second summit of suppliers slated on April 8-9 in th ...

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