For millennia, gold has entranced humanity, captivating ancient Egyptian pharaohs and modern central bankers alike. This precious metal has consistently proven itself as a reliable store of value, particularly during times of crisis when paper currencies falter. In the face of global economic uncertainty,......
Moroccan phosphates giant, OCP S.A., has successfully concluded a 5 billion Moroccan dirham (DH) perpetual subordinated bond offering through a public announcement, as stated by the company. The bond offering, structured into two tranches featuring distinct interest rates and review periods, garnered......
Wafa IMA Assistance, a pioneer in assistance services, has been honored with the prestigious 2024 Service Client of the Year Morocco award in the “Assistance” category, marking a historic achievement since its establishment in 2011. This recognition underscores the firm's unwavering commitment......
During a professional meeting gathering industry experts and the diverse team of a renowned media group, Le Cénacle officially announced the launch of a new advertising agency with versatile media content on Thursday evening at one of Casablanca's most well-known hotels. This significant......
The Moroccan Ministry of Tourism, Handicrafts, and Social and Solidarity Economy has introduced three ambitious programs with the aim of fortifying the competitiveness of participants in the country's artisanal sector. These initiatives are seen as integral components of the government's overarching......
A stringent property tax measure outlined in Morocco's 2024 Finance Act is poised to significantly impact real estate and business sales transactions within the country. Sale contracts can no longer be drafted until the seller obtains tax clearance, marking a pivotal change in the legal landscape. The......
A groundbreaking climate innovation hub has been launched in Marrakech, Morocco, with the aim of empowering entrepreneurs across the MENA region to develop solutions addressing the global climate crisis. The Marrakech Coalition for Climate Entrepreneurship (CCE) Hub, unveiled on December 12th, is supported......
A collaborative partnership between Morocco and three European Union member states Greece, Poland, and Italy has resulted in significant advancements in Morocco's competition law and oversight, as per officials. Ahmed Rahhou, President of Morocco's Competition Council, announced on Tuesday that......
Marrakech recently hosted a timely workshop, focusing on promoting the economic empowerment of women entrepreneurs in Morocco and the wider Arab world. This event, an integral part of the Arab Entrepreneurship Summit, brought together female business owners and economic leaders to discuss strategies......
Irish low-cost carrier Ryanair has revealed ambitious expansion plans for Morocco, solidifying its commitment to the country by offering more than 1,100 weekly flights across 175 routes this summer, including the addition of 35 new routes. As part of a substantial $1.4 billion investment, Ryanair is......
Two years after falling under the stewardship of investment fund manager Adenia, facilitated through Overseas Catering Services (OCS), the holding company overseeing contract catering operations in Morocco, Ivory Coast, and Senegal, Ansamble Morocco is actively advancing its foray into the complementary......
A high-stakes bidding competition is currently underway between European rail giants Alstom and Talgo, both vying for the highly lucrative contract to supply Morocco with 168 new trains. The state-owned national rail operator, Office National des Chemins de Fer (ONCF), initiated the bidding process in......
The "tax amnesty" initiative, introduced by Morocco's 2023 Finance Law for inactive companies, has recently been extended until December 31, 2024. Initially met with subdued interest, attributed to unfamiliarity with the legal framework, apprehensions about tax implications, and a tendency......
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