Macroeconomic conditions will continue to deteriorate until 2021

“Despite broadly moderate developments in 2019, macroeconomic risks are expected to worsen in 2020, as a result of the pandemic shock, the repercussions of which will undoubtedly deteriorate macroeconomic conditions in 2020 before gradually starting a recovery from 2021”, indicates Bank Al-Maghrib (BAM) in a press release sanctioning the work of this 11th meeting of […]

The Competition Council accepts no responsibility for leaks from the report

Posted by SJ on Tuesday July 7, 2020 The Competition Council categorically relieved all responsibility for the information reported by certain media regarding the dossier relating to possible anti-competitive practices on the national hydrocarbon market. Driss Guerraoui, President of the Competition Council. The report of the Competition Council on the existence of alleged anti-competitive practices […]

CaptureDoc enters the Moroccan market

CaptureDoc, the exclusive representative in Morocco and in French-speaking Africa of Kofax solutions, world leader in cognitive capture and Robotization (RPA) solutions, supports companies in the digitalization of their document flows and in the overhaul of their business processes. A huge challenge linked to the intensive processing of information, generating a reduction in the costs […]

Economy survives shock but recovery will be slow

The HCP estimates that at the end of the second quarter of the current year, the national economy would have contracted by 13.8% in the second quarter of 2020, after an increase of 0.1% the previous quarter, under the effect a 14.4% drop in non-agricultural value added and a 6.1% decline in that of agriculture. […]

The Covid-19 effect impacts current transactions

The Exchange Office attributes this situation to the combined effect of the levels of exports and imports which, compared to the same period of 2019, are marked by a regression. In detail, imports recorded a drop of 4.3% or -5.3 billion DH going to 118.4 billion DH at the end of March 2020 against 123.7 […]

a European competitor to Mastercard and Visa launched in 2022

“Unity is strength,” says the adage, and Europeans intend to compete against the United States. This Thursday, July 2, sixteen European banks announced the launch of a unified pan-European payment solution. It will be based on instant transaction technology. It intends to land as an alternative to Visa and Mastercard. His launch is expected by […]

Extension of the deadline for voluntary tax regularization

Mohamed Benchaâboun, Minister of the Economy, Finance and Administrative Reform. Thus, the parties concerned have until August 31 to subscribe the declaration and pay the contribution in respect of liquid assets deposited in bank accounts or held in fiat money in the form of banknotes. It also involves the payment of the contribution for the […]