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Keywords: 2024


Al Barid Bank reports 196% profit increase for 2024

Al Barid Bank has announced remarkable financial results for the year 2024, with its Group Net Profit reaching MAD 871.38 million ($87.14 million), reflecting a staggering 196% increase compared to 2023. This impressive performance was unveiled during a Supervisory Board meeting on March 28. The bank's......

Positive growth in Morocco's extractive sector driven by phosphate production

In 2024, Morocco's extractive sector experienced a notable boost, thanks to the phosphate industry. The sector finished the year with a 21% growth in its production index, reversing the previous year’s decline of 5.3%, according to the Directorate of Studies and Financial Forecasts (DEPF),......

Morocco’s manufacturing sector sees 5% growth in late 2024

Morocco’s manufacturing industry, excluding petroleum refining, experienced a 5% growth in production during the final quarter of 2024 compared to the same period in 2023. This growth reflects the resilience and diversification of the country’s industrial base, driven by key sectors that......

CIH Bank reports impressive growth in 2024 financial results

In a recent meeting chaired by Mr. Lotfi Sekkat, the Board of Directors of CIH Bank convened on two occasions—February 26 and March 11, 2025—to review the bank's performance and consolidated financial results for the year ending December 31, 2024. These results were unveiled on March......

Growth in Moroccan wholesale trade signals optimism for early 2025

Moroccan wholesale trade sector sees growth amid challenges for services Morocco’s wholesale trade sector demonstrated resilience in late 2024, with 36% of enterprises reporting an uptick in sales during the fourth quarter, as revealed by a survey conducted by the High Commission for Planning......

Coupe du Trône: draw date for final stages announced

The Royal Moroccan Football Federation (FRMF) has officially announced that the draw for the final stages of the 2023-2024 Coupe du Trône will take place next Tuesday. According to the FRMF, the ceremony, which will determine matchups from the round of 16 through to the semi-finals, is scheduled......

CAF Confederation Cup: New Berkane-USMA clash looms after controversial 2024 semifinal

In a significant draw for the CAF Confederation Cup, Renaissance Sportive de Berkane (RSB) has been matched against ASEC Mimosas from Ivory Coast. The potential semifinal scenario has caught attention, as it could lead to a rematch between RSB and USM Alger (USMA), pending the latter's victory over......

Simplified Schengen visa renewals: New procedures introduced by BLS Rabat

Starting February 24, BLS Rabat will implement a streamlined process for renewing Schengen visas, introducing a no-appointment system for eligible applicants. This initiative aims to simplify administrative procedures and enhance accessibility for visa renewal services. Renewing one-year Schengen visas Holders......

Transformation at Mohammed VI University Hospital in Marrakech: A New Era for Regional Healthcare

The Mohammed VI University Hospital (CHU) in Marrakech held its regular board meeting on Monday, chaired by the Minister of Health and Social Protection, Amine Tahraoui. This strategic gathering reviewed the achievements of the past year and outlined key projects aligned with Morocco’s national......

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