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  • The Moroccan Economy in Brief: Thursday, May 4, 2017: OCP Promotes the Innovation in Sustainable Agriculture

The Moroccan Economy in Brief: Thursday, May 4, 2017: OCP Promotes the Innovation in Sustainable Agriculture

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1. OCP promotes the innovation in sustainable agriculture: "The giant Moroccan phosphatizer promotes the innovation in sustainable agriculture. In fact, the OCP aims to highlight the innovation, the technology and the latest trends in terms of processes for valorization phosphates, derivatives, and others during the 4th International Symposium on innovation and technology in the phosphate industry (Symphos) which will be held in Benguerir from 8 to 10 May."


2. More than 750,000 tourists have visited Morocco during March: ""The resumption of the tourism activity is confirmed for the first quarter of 2017. In fact, with a volume of 762,562 tourists, the arrivals at border crossings of non-resident tourists have maintained their growth during March 2017, registering an increase of +3.7% compared to the same month of the previous year. This rise was mainly driven by the French (+6%), Dutch (+4%) and US (+24%) markets," said the Ministry of Tourism, Air Transport, Crafts and Solidarity Economy."


3. "Smart Up": The first international Open Innovation program: "The CEO of the Attijariwafa Bank Group, Mohamed Kettani, promises to follow closely and in detail the conclusions of the "Smart Up" day, held in Casablanca this weekend. An initiative that fits perfectly, according to him, in the Group's development strategy, and which makes innovation and creativity a leverage of first order to pursue its growing ambitions both in Morocco and elsewhere. The will of AWB in this matter is no longer to be demonstrated."


4. Tradeliner, the new solution of Coface Morocco: "The year 2016 has been catastrophic for the Moroccan companies. This is in essence what the credit insurance specialist, the Coface Group, revealed at a press conference in Casablanca on May 3. The failures have jumped by 25% compared to 2015, affecting nearly 7,500 companies. This trend accelerated from October 2016 to January 2017 with a peak of 52% increase in defaults in the first month of this year, according to Coface. An acceleration caused mainly by the seasonal difficulties of the construction sector as well as by the unpaid and late payments which have multiplied especially among the public contractors."


5. Parliament: The beginning of the discussion on Finance law 2017 crystallizes the deep divide between majority and opposition: "The Finance law (PLF) 2017 has provoked a heated debate in the Committee on Finance and Economic Development in the House of Representatives between a majority which sees in it a continuity of the major reforms initiated by Morocco and an opposition which calls for an overhaul of this project in order to ensure its conformity with the current conjuncture. The groups of the majority emphasized that the 2017 PLF is in line with the priorities of the government program and in line with the major reforms undertaken by the Kingdom to strengthen the development, in particular through the establishment of balance between the different social groups, the reduction of the unemployment rate and the promotion of the economy."

 

 

Crédit : IMPERIUM MEDIA

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