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Morocco diversifying trade and investment to grow economy
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Morocco’s trade balance improved substantially in 2014 and is set to perform better still in 2015 thanks to factors such as lower oil prices and improving conditions in major export markets, though it is set to maintain a large trade deficit for the foreseeable future. Levels of inward foreign direct investment (FDI) have grown substantially in recent years, boosted by factors such as a range of…

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A guide to hotel listings in Morocco
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HYATT REGENCY Place des Nations-Unies T: (0522) 431 234 F: (0522) 431 334 www.casablanca.regency.hyatt.com sales.casablanca@hyatt.com Rooms: 255 rooms and suites, including 223 deluxe king and twin rooms, 11 junior suites, 19 executive and three royal suites. Business & Conference Facilities: Eight function rooms accommodating up to 800 people. Forum Ballroom can…

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Useful information and facts for visitors to Morocco
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Language While classical Arabic is Morocco’s official language, the most commonly spoken is the local dialect, Darija. French is also spoken in business, government circles, schools and universities. It is frequent to hear people mixing Arabic and French when speaking. Tamazight, a Berber language, is also an official tongue that is used in the Rif region. In the north, Spanish is widely spoken,…

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Morocco seeks to boost international profile with banking reforms
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There are many signs that Morocco is on the path to becoming a financial and economic crossroad between Africa and the rest of the world. First, the EU has granted the country “advanced status”, which is intended to help progressively integrate Morocco into the EU’s internal market, and, second, Casablanca Finance City (CFC) was established in 2009 with the goal of attract global financial operators…

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Bourse growing again in Morocco
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The Casablanca Stock Exchange (CSE) has faced both a slim listings pipeline and low levels of secondary trading in recent years. However, market authorities are working on the launch of a range of reforms and new products that they hope will reinvigorate activity on the exchange, at a time when liquidity is also returning to the wider economy and at least two initial public offerings (IPOs) look set…

Overview

Morocco diversifying trade and investment to grow economy
OBG
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Morocco’s trade balance improved substantially in 2014 and is set to perform better still in 2015 thanks to factors such as lower oil prices and improving conditions in major export markets, though it is set to maintain a large trade deficit for the foreseeable future. Levels of inward foreign direct investment (FDI) have grown substantially in recent years, boosted by factors such as a range of…

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Zouheir Bensaid, CEO, RMA Watanya; Ali Harraj, CEO, Wafa Assurance; and Mehdi Tazi, CEO, Saham Assurance: Interview
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Interview:Zouheir Bensaid;Ali Harraj;Mehdi Tazi Which segments offer the most potential to extend insurance penetration in Morocco? ZOUHEIR BENSAID: Small and medium-sized enterprises (SMEs) represent more than 80% of the 750,000 private companies that compose 94% of the nation’s economic fabric. This segment has strong growth potential, since it is considered less volatile, is…

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Regulatory factors affect rate of expansion for insurance sector in Morocco
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Morocco hosts one of the most developed insurance industries in Africa. The sector is dominated by nonlife lines, and in particular compulsory car insurance. Plans are in place to make several other forms of insurance compulsory but these have yet to be implemented. Market share is concentrated in the hands of a small number of mostly locally owned firms, although foreign insurance firms are also active…

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Key points of Morocco's Finance Law of 2015
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The Finance Law of 2015 has put measures in place to reform the Moroccan tax system. These measures are aligned with the government’s General Tax Direction for the period 2012-17. Here, we present the key measures included in the Finance Law of 2015. 1. CORPORATE INCOME TAX (CIT) A. Extension of Casablanca Finance City (CFC) status to representative offices of non-resident companies: After the institution…

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Morocco passes new legislation to offer more private sector investment in health
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Significant advances have been made in improving health care in Morocco in recent years, including the extension of medical coverage and a substantial reduction in infant mortality rates. As the expansion of state-funded medical coverage boosts access to health care for a growing number of people, health facilities are increasingly under pressure to respond to the growing demand for treatment and medicines. Expenditure According…