As was expected, in 2016 the domestic economy registered one of its worst performances in several years against a backdrop of sharply contracting agricultural value added coupled with moderate growth in non-agricultural activity. In 2016 agricultural value added was heavily impacted by a severe shortage of rainfall, registering a contraction...
The country is preparing to transition from a pegged exchange rate controlled by Bank Al Maghrib (BAM), the central bank, to a more flexible system. Under this new monetary policy framework, the exchange rate would be allowed to fluctuate within a regulated band set by BAM, with the central bank gradually widening the fluctuation window over...
With demand for sharia-compliant banking growing, Morocco has become the latest Muslim country to authorise Islamic banks. According to industry experts, these types of financial services could represent as much as 10% of the market. For a long time the country has been reluctant to privilege the development of the Islamic finance segment...
The business climate in Morocco has been continuously improving since the early 2000s. This is evidenced by several infrastructure and industrial projects developed recently in Morocco by multinationals and foreign investors. In order to reassure investors the Moroccan legislature has introduced new mechanisms in relation to merger control....
In Morocco, the collection and processing of personal data is regulated by Law No. 09-08 relating to the protection of individuals with regard to the automatic processing of personal data, which was promulgated by Dahir (royal decree) No. 1-09-15 on February 18, 2009. Furthermore, the kingdom’s data protection legal framework is based...
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