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Keywords: Assets
The Moroccan dirham experienced a minor depreciation of 0.2% against both the Euro and US dollar during the period of January 30 to February 5, according to Bank Al-Maghrib (BAM). This modest decline follows a period of exchange rate stability in the previous week. The central bank's weekly bulletin......
Morocco has been steadily increasing its presence in the cryptocurrency market within the Middle East and North Africa (MENA) region. According to a report by a leading blockchain data analytics company, Morocco is ranked 27th globally in terms of cryptocurrency adoption. This impressive ranking highlights......
From January 16 to January 22, 2025, the dirham appreciated by 0.6% against the US dollar and depreciated by 0.5% against the euro, according to Bank Al-Maghrib (BAM). During this period, no foreign exchange auction operations were carried out, as highlighted in BAM's weekly bulletin. As of January......
Between January 02 and 08, 2025, the Moroccan dirham showed a positive trend, appreciating by 1.4% against the euro and 0.6% against the US dollar, according to Bank Al-Maghrib (BAM). During this period, no foreign exchange operations were conducted, as highlighted in BAM's weekly report. As of......
Elon Musk’s attorney, Marc Toberoff, has urged the attorneys general of California and Delaware to advocate for OpenAI to auction a significant portion of its stake. This step, proposed as part of OpenAI's corporate restructuring, aims to establish a fair market value for its charitable assets,......
Morocco's recent tax amnesty initiative has successfully concluded, generating MAD 231.7 million (USD 22 million) in additional tax revenue through its Voluntary Asset Disclosure Program. The program, which ended on December 31, 2024, was designed to encourage Moroccans to declare assets and liquidity......
Morocco's latest tax amnesty program has concluded with exceptional results, attracting declarations of MAD 100 billion ($10 billion) in previously undeclared assets. This historic achievement marks a twentyfold increase compared to the 2020 amnesty results, significantly surpassing the government's......
In 2017, Morocco implemented a ban on cryptocurrencies, a measure that did not prevent underground trading within the country. However, the national financial regulators have now acknowledged the necessity of transitioning from prohibition to regulation. This shift has been supported by major economic......
Sound Energy has completed the partial divestment of its Moroccan gas assets to Managem Group, a transaction valued at up to $45.2 million. This move is in line with Sound Energy’s strategy to unlock greater value from its energy projects in Morocco. Graham Lyon, Executive Chairman of Sound Energy,......
