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Keywords: Expansion
In a significant development for Morocco's financial landscape, Islamic financing, known locally as participative financing, has experienced substantial growth in 2023. According to the latest report from Bank Al-Maghrib (BAM), the central bank of Morocco, the sector reached a total of MAD 21.4 billion......
In a significant industry move, South Korea's LG Energy Solution (LGES) is eyeing Morocco as a potential site for a new Electric Vehicle (EV) battery production facility. This strategic consideration comes as the company aims to strengthen its foothold in the European market amidst changing trade......
Maroc Telecom, Morocco's foremost telecommunications provider, has reported a significant 5.1% increase in its customer base for the first half of 2024, reaching a total of 78.4 million subscribers. This growth comes despite facing stiff competition and legal challenges in its domestic market. The......
In the shadow of Gaza's devastation, where millions of Palestinians are struggling to survive amidst a dire humanitarian crisis, the Israeli cabinet continues to approve settlement outposts in the West Bank. This ongoing expansion presents a formidable obstacle to the viability of a two-state solution,......
Belgian construction firm Macan Group has announced a significant investment initiative, pledging MAD 1.5 billion (approximately €135 million) over the next five years to expand its operations in Morocco. Since its initial foray in 2015, Macan Group has viewed Morocco as a prime location for long-term......
In a recent development that stirred controversy across Morocco, the King Fahd Higher School of Translation in Tangier has issued a formal apology for mistakenly classifying Tamazight, one of Morocco's official languages, as a "foreign" language on its student application website. The......
BYD, China's preeminent electric vehicle (EV) manufacturer, has signed a landmark $1 billion (£780 million) agreement to construct a state-of-the-art manufacturing facility in Turkey. This strategic move underscores BYD's relentless expansion beyond its domestic market. The forthcoming......
EdfaPay, a prominent fintech firm based in Saudi Arabia, has announced the expansion of its operations into Morocco. This move comes after the company successfully secured the necessary regulatory approvals, marking another significant step in its global growth strategy. Founded in 2021, EdfaPay has......
Continuing its strategic expansion across the Kingdom, KFC Morocco has unveiled its latest addition, a brand-new restaurant in the historic city of Fez. With this opening, the renowned fried chicken chain strengthens its presence in Morocco, now boasting a network of 35 restaurants nationwide. The......
