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Morocco's 2009 service exchange balance registers $5 bln surplus

Rabat - Morocco's services exchange with the world, mainly in the field of tourism, transport, communications and call centres, turned more than 41.2 billion dirhams ($ 5 billion) in 2009, down from 51.5 a year ago, the Office des changes said.

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Moroccan banks granted $ 72.5 billion of credits in 2009, Central Bank

Rabat - Moroccan banks granted 585 billion dirhams ($ 72.5 billion) of credits in 2009, that is an increase of 9.1% compared to 2008, the Central Bank's (Bank Al-Maghrib) said.

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Over 8 million tourists visited Morocco in 2009

Rabat - Some 8.34 million tourists visited Morocco in 2009, that is a 6 % rise compared to 2008, said the Tourism Department.

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Jobless rate falls to 9.1% in 2009 in Morocco

Rabat - Morocco's unemployment rate fell to 9.1% in 2009, down from 9.6% in 2008, the High Planning Commission (HCP) said.

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INCB lauds Morocco's efforts to eradicate cannabis cultivation

Vienna - The International Narcotics Control Board (INCB) lauded Morocco's efforts to eradicate the illicit cultivation of cannabis, highlighting a 55% decline of the total area of cultivation.

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Renewable energy: UK keen to promote strategic partnership with Morocco, official

London - The United Kingdom is keen to promote a strategic partnership with Morocco in the field of energy, British Secretary of State for Energy Lord Philip Hunt told MAP on Tuesday.

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IDB's funding to Morocco reached $ 3.4 billion in 1978-2009, Minister

Casablanca - The total funding of the Islamic Development Bank (IDB) to Morocco reached over 27.3 billion dirhams ($3.4 billion) from 1978 to 2009, Minister of Economic and General Affairs Nizar Baraka said here on Tuesday.

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HM the King appoints Dalil Guendouz new head of Morocco's airports office

Rabat - HM King Mohammed VI on Monday appointed Dalil Guendouz as new managing director of Morocco's airport office (ONDA).

/eng/sections/economy/hm_the_king_appoints7440

Tangier-Casablanca HST to carry 8 million passengers per year, official

Rabat - The Tangier-Casablanca high speed train will carry 8 million passengers per year, CEO of Moroccan National Railways Mohammed Rabie Khlie said.

/eng/sections/economy/tangier-casablanca_h

Morocco's trade balance down 10.4% in 2009

Rabat - Morocco's foreign trade revealed in 2009 a deficit of 152.6 billion dirhams, a 10.4% reduction compared to 2008, the Moroccan Office des changes said.

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February 2010