Keywords: Exchange
Shares of French biotechnology company Abivax skyrocketed by more than 385% on Wednesday morning on the Paris Stock Exchange, following the release of encouraging results from two advanced-stage clinical trials. The surge was triggered by the company’s announcement that its experimental drug Obefazimod......
The Moroccan Vicenne Group’s Initial Public Offering (IPO) has been met with exceptional demand, with the subscription overbooked by 64 times. The company successfully raised 500 million dirhams through a capital increase, with an overwhelming 32 billion dirhams requested, equivalent to 136 million......
The Mawazin festival returns to Rabat on Saturday, June 28, igniting the city with a blend of international and oriental music. This year’s edition promises a captivating journey through diverse sounds, featuring an impressive lineup of artists performing across Rabat’s iconic venues. A......
Egyptian singer and composer Tamer Ashour captivated audiences at Rabat’s Mohamed V National Theater on Tuesday night, delivering a stirring performance on Day 4 of the 24th Mawazine Festival. The celebrated artist brought his signature blend of emotional depth and musical mastery, transforming......
Foreign direct investment (FDI) in Morocco rose significantly in 2024, reaching $1.64 billion—a 55% increase from $1.05 billion in 2023—according to the World Investment Report 2025, published by the United Nations Conference on Trade and Development (UNCTAD). This marks a critical milestone......
Remittances from the Moroccan diaspora dropped by 3.7% by the end of April 2025 compared to the same period in 2024, according to the latest data from the Exchange Office. The total volume of funds sent home fell from MAD 37.27 billion ($4 billion) to MAD 35.9 billion ($3.88 billion), marking a decrease......
Morocco is poised to transition to a floating exchange rate regime in 2026, a move that underscores the critical role of its diaspora in maintaining economic stability. With over five million Moroccans living abroad, remittances have become a cornerstone of the national economy, reaching MAD 117.7 billion......
As of Sunday, May 25, the conflict between Russia and Ukraine has reached its 1,186th day, marked by deadly attacks and significant diplomatic moves. In a widespread overnight offensive, Russian forces launched strikes on Kyiv and nearby areas, killing at least four people and injuring 16 others, including......
On Friday, May 23, intense military actions continued between Russia and Ukraine. Ukrainian drones caused significant disruptions to air traffic near Moscow, grounding flights at major airports after 35 drones targeting the city were shot down, according to the Russian Ministry of Defence. Overall, 46......
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