Moroccan Mortgage

Furthering the massive boosts in Morocco’s economy, this month (September) Morocco welcomed a five-year, $700m aid package from the US Millennium Challenge Corporation (MCC) .

The grant was finalized at a signing ceremony in Tetouan on the last day of August, and will be used to help Morocco combat poverty and develop the Moroccan economy. The plan will stimulate economic growth by raising productivity and improving employment opportunities in certain key sectors, and aims to reduce poverty rates in target areas.

The moroccan government expects the projects included in the program to raise the country’s economic growth rate by 1.1%,  increase gross domestic product by $118m per annum and reduce poverty levels of 20% by 2012.

$111.8m will be spent to promote a project called “The artisan and the Medina of Fez“, to benefit  links between the crafts and tourism sectors and the cultural assets of the Fez medina.

I’ll get back to property, I promise :), but I just came across an excellent moroccan recipe.

Moroccan cooking is simple and uses natural ingredients, so for an excellent marinade made with lemons visit
The view from Fez blogspot Fez Moroccan Recipes Morocco Food

MOROCCO TOURISM

Tourism in Morocco continues to expand.
As summer in Europe ends, the July 2007 figures for tourist nights show:

By City:

• Marrakech +10%
• Casablanca +8%
• Tangier +7%

Tétouan and Fès showed a +3% increase

Marrakech remains the most attractive tourist destination with a growth rate of 11% year-on-year, followed by Casablanca (10%), Tangier (9%), Fez (7%), Rabat (6%), and Agadir (3%).

Two delightful girls in Fez, Morocco list their evening menu:

1. 3 set of Moroccan salads ( Zaalouk with Zuccini, carrots with charmoula, cabbage with dried grapes).
2. Lamb tagine with quince.
3. Milk pastilla with almonds.

Yum

The word Morocco is directly derived from the Amazigh (language of the Imazighen people already long established in North Africa in 1000 B.C.) word Mur-Akush meaning Land of God.
The full Arabic name of Morocco, Al-Mamlaka al-Maghribiya, translates to “The Western Kingdom”.
Al Maghrib (meaning “The West”) is often used. Historians used to refer to as Al-Maghrib al Aq?á (”The Farthest West”), to avoid confusion with the region called the Maghreb. Morocco’s capital was originally Marrakech.