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Credit du Maroc is set to launch a significant public share offering, making available 1.2 million shares to both the public and employees as part of Holmarcom Finance Company's strategic initiative to enhance the bank's market presence in Morocco's financial sector. The offering, scheduled......
The upcoming inauguration of Royal Air Maroc's (RAM) direct flight connecting Casablanca to Toronto is poised to significantly enhance the relationship between Africa and Canada. This new route is set to commence on December 8, operating three times a week on Wednesdays, Fridays, and Sundays using......
Morocco's economy showed resilience in the third quarter of 2024, with growth reaching 2.8%, up from the 2.4% average recorded in the first half of the year. This uptick, reported by the High Commission for Planning (HCP), stems from a continued recovery in domestic demand and a robust increase in......
Air Arabia Maroc is set to launch a new direct flight connecting Tetouan Saniat R'mel Airport in Morocco to Rotterdam The Hague Airport in the Netherlands, starting October 28. This latest addition to the airline's network underscores its commitment to enhancing connectivity between Moroccan......
In a significant move to bolster security and streamline operations, Bank Al-Maghrib, Morocco's central bank, has entered into a groundbreaking partnership with the General Directorate of National Security (DGST). This collaboration, formalized through a protocol signed in Rabat, marks a pivotal......
The MASI Index Drops by 1.8%, Reflecting Market Volatility The Moroccan dirham maintained its stability against the euro but experienced a 1.17% depreciation against the US dollar between September 26 and October 2. This fluctuation underscores the ongoing dynamics in the global currency market and......
The European Union's latest banking regulations, initially designed to address post-Brexit financial concerns, have inadvertently raised alarms in Morocco. These new rules threaten to disrupt a crucial economic lifeline for the North African nation – remittances from its diaspora in Europe. In......
As Morocco gears up to co-host the 2030 FIFA World Cup alongside Spain and Portugal, the North African nation is taking strategic steps to bolster its tourism sector while addressing concerns about potential overtourism. The country's ambitious plans aim to double visitor numbers and significantly......
Morocco's aviation industry is emerging as a powerful engine of economic development, with projections indicating a 50% growth in the sector by 2043. This expansion is set to significantly boost the country's GDP and advance its ambitious sustainability goals, according to recent insights shared......