Archive for October, 2009

Morocco has been listed as an ideal place to buy a second home

Morocco has been offering excellent property investments opportunities with foreign investors finding the Moroccan property market is immensely lucrative from the investment point of view.
According to the Global Arab Network, The country has seen its economy and property market remain healthy despite the world economic downturn, with property prices rising since 2007. It suggested that [...]

Morocco cuts commercial banks reserve rate to 8 pct

Morocco’s Monetary Policy Council has lowered commercial banks’ reserve rate by 2.0 percentage points to 8 percent to ease a liquidity crunch. Meanwhile, the Council decided to leave the benchmark interest rate the same at 3.25 percent, as a result of slowing inflation. The last time when the bank had cut the rate was in [...]

Moroccan government encourages residential tourism

The Moroccan government recently set aside US$37.3 million to invest in the tourism sector. The agreement which was signed in Rabat, between the government and the National Tourism Federation and. The plans are to spend the money to increase the number of travelers to Morocco as well as to invest in new resorts and transportation [...]