Economy
The International Fund for Agricultural Development (IFAD) has announced a renewed partnership with Bank Al-Maghrib, Morocco’s central bank, aimed at bolstering food security and supporting rural communities globally. This collaboration is underscored by the issuance of a $150 million sustainable......
Morocco’s largest banks are entering a promising phase as they prepare to capitalize on enhanced financial stability, according to a recent report by Fitch Ratings. The agency highlights that improved profitability, robust capital levels, and sound liquidity position the nation's top lenders......
British bank Standard Chartered has officially inaugurated a new representative office in Casablanca, Morocco, marking a significant expansion of its operations in the Middle East and North Africa region. This strategic move comes on the heels of receiving a license from Bank Al-Maghrib and the prestigious......
Morocco is taking a strategic step toward incorporating artificial intelligence into its transport systems, positioning itself for future international events. On Wednesday, the Ministry of Transport and Logistics formalized three agreements with the Foundation for Research, Development and Innovation......
Navigating the future of enterprise payment innovation In today’s dynamic fintech landscape, understanding the evolution of enterprise payments is essential for business owners aiming to remain competitive. The focus has shifted beyond mere speed and convenience to encompass resilience, adaptability,......
Between 2022 and 2025, Morocco allocated more than MAD 100 billion (approximately $10 billion) to subsidize essential goods, as stated by Minister of Economy and Finance Nadia Fettah during a recent session at the Chamber of Counselors. This significant financial commitment aims to alleviate the burden......
Remittances from Moroccans residing abroad accounted for nearly a tenth of the country’s GDP At 5 a.m., Joulya Azmi zipped her suitcase shut for the last time in Bordeaux, France. The Franco-Moroccan nurse had spent nine years in France—slogging through night shifts, dodging microaggressions,......
Mining company Chariot Limited has announced its full reclamation of two significant offshore gas licenses in Morocco, following Energean plc's decision to divest its stake in the ventures. Energean has transferred its entire interest in the Lixus Offshore and Rissana Offshore licenses back to Chariot......
In a significant move towards sustainable development, the France Development Agency (AFD) and Morocco’s leading fertilizer producer, OCP, have solidified their collaboration by signing a €350 million financing agreement aimed at bolstering OCP’s ambitious green investment program. This......
The Nigeria-Morocco gas pipeline project has achieved significant milestones, with crucial agreements signed and feasibility studies completed. This ambitious initiative aims to enhance energy access for approximately 400 million people across 13 countries, marking a transformative step in regional energy......
CIH Bank is poised to undertake a substantial financial maneuver, revealing plans to increase its capital by up to MAD 1.5 billion (approximately $161 million). This announcement comes ahead of an extraordinary general meeting scheduled for June 11, where shareholders will deliberate on the proposed......
Aya Gold & Silver has secured final approval from the European Bank for Reconstruction and Development (EBRD) for a $25 million secured credit facility. This funding will be directed towards the development of the Boumadine polymetallic project, enhancing the company's financial flexibility as......
Morocco is poised to dramatically elevate its exports to Egypt, with officials anticipating an increase from MAD 755 million ($75 million) to MAD 5 billion ($500 million) over the next three years. This ambitious goal emerges following a recent high-profile trade mission and symbolizes a new chapter......
