Casablanca, Morocco - A groundbreaking partnership is set to propel energy efficiency initiatives throughout Morocco and Africa. Attijariwafa Bank, a prominent Moroccan bank, officially inked a Memorandum of Understanding (MoU) on Tuesday with Schneider Electric, a French energy management giant, at......
Euromonitor International, a global authority in in-depth market analysis, has just unveiled its annual report highlighting the major global consumption trends for the year 2024. This edition underscores the significant influence of artificial intelligence, sustainability, as well as social, economic,......
Morocco's Treasury capitalizes on a favorable budget surplus this year, signaling a positive turn in the nation's economic landscape. On Tuesday, the Treasury and External Finance Department (DTFE) under the Ministry of Economy and Finance unveiled plans for a strategic investment, injecting......
In a joint effort, Safran Group, a prominent French manufacturer of aeronautical components, and the Moroccan government have officially inked an agreement in Rabat. The primary goal of this collaboration is to bolster the aerospace ecosystem in Morocco, concurrently advancing technological progress......
The Moroccan Competition Council has issued a stern warning to the behemoths of the oil industry, emphasizing the consequences of failing to honor their commitments. Council President Ahmed Rahhou, in a recent interview, shed light on the persistent scrutiny of the country's diesel and gasoline markets,......
The Alshaya Group has unequivocally refuted recent reports suggesting a potential withdrawal from Morocco. Responding in writing, the organization dismissed rumors surrounding the possible closure of Starbucks coffee shops and H&M ready-to-wear outlets. The group's spokesperson emphasized an......
The group of architects led by Tarik Bouhmala and Abdelkrim Bouyacoub has been chosen to undertake the expansion of Tangier airport, a project commissioned by the National Airports Office (ONDA). This project encompasses the construction of a new passenger terminal and control tower at Tangier Ibn Batouta......
In a testament to the unwavering commitment of Moroccans residing abroad (MRE) to their homeland, the Office des Changes reports a notable milestone in fund transfers. As of the end of October 2023, remittances from MREs have surged to approximately 96.43 billion Moroccan Dirhams, marking a remarkable......
In a strategic move to fortify its financial structure, OCP Group, the giant phosphate producer, has obtained approval from the Moroccan Capital Market Authority (AMMC) for a perpetual subordinated bond issuance. This issuance, valued at 5 billion Moroccan Dirhams (MAD), includes options for early repayment......
After experiencing a robust growth rate of 7.5% in 2022, the expansion of banking credit in Morocco has slowed down to 4.9% by the end of October 2023. This deceleration is attributed to a 3.8% decline in cash facilities, marking a notable contrast to their significant surge over the past three years.......
In a groundbreaking move towards digital innovation, BMCE Capital Bourse has unveiled its latest feature, enabling clients to subscribe entirely online. This enhancement is launched in conjunction with the initial public offering (IPO) of CFG Bank, where BMCE Capital Bourse serves as the co-lead manager. Revolutionizing......
Moroccan Minister of Industry and Trade, Ryad Mezzour, declared in Tangier on Wednesday that the country's electric infrastructure is poised to become the most integrated and competitive globally. This announcement was made during the inauguration of the 7th Automotive Subcontracting Show, a prestigious......
In a collaborative effort aimed at fostering stronger economic ties, Kenya and Morocco are actively working together to facilitate the reopening of a direct air route between Casablanca and Nairobi, as reported by insider sources. Although this route was briefly operational in the past, it is currently......
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