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Société Générale Sells Its Stake in Société Générale Maroc to Saham for 745 Million Euros

The banking group Société Générale announced on Friday that it has signed a contract to sell its stake in Société Générale Maroc to the Moroccan holding company Saham for a total of 745 million euros. According to Société Générale's......

Moroccan Ministry of Tourism Clarifies Ryanair's Domestic Flights and Subsidies

The Moroccan Ministry of Tourism, Handicrafts, and Social and Solidarity Economy has clarified that Ryanair has not received any subsidies or financial aid for its domestic flights in Morocco, in response to questions raised by certain media outlets. Addressing concerns about any financial support granted......

Orange Maroc Introduces New Brand Signature "Orange Kayna" to Strengthen Customer Proximity

Orange Maroc unveiled its new brand signature "Orange Kayna, Orange is here, Orange est là" on Thursday in Casablanca, aiming to enhance the operator's closeness with its customers. "Orange Kayna" underscores the importance placed on upgrading networks and services and......

Thales Sets Sail for New Horizons in Morocco with Yan Levy at the Helm

In a strategic maneuver aimed at bolstering its foothold in North Africa, global technology titan Thales has named Yan Levy as the new General Manager for its Moroccan operations. This announcement, delivered via an official press release, underscores the company's steadfast dedication to aligning......

Bank Al-Maghrib Poised for Stability: Financial Experts Predict Continuity in Interest Rates

In a recent survey conducted by Attijari Global Research, a significant majority of influential investors in Morocco's financial market are foreseeing Bank Al-Maghrib (BAM), the nation's central bank, to uphold its benchmark interest rate at the current level of 3%. The survey, which engaged......

Morocco's Resilient Ascension: Conquering Inflation and Economic Turbulence

In an era fraught with global tribulations, Morocco has emerged as a paragon of resilience, surmounting economic challenges and distinguishing itself on the world stage. The North African nation's extraordinary economic performance, marked by sturdy growth and a sharp decline in inflation, has captivated......

Crédit du Maroc Forges New Path, Prioritizing Middle Class and SMEs

In a strategic reorientation, Crédit du Maroc has announced its shift towards focusing on the burgeoning middle class, wage earners, and the small and medium-sized enterprise (SME) sector. This significant move deviates from the bank's traditional emphasis on large corporations, signaling......

Bank Al-Maghrib: 145 Bank Branches Closed Their Doors in 2023

In the digital era where convenience is paramount, the Moroccan banking sector experienced a notable transformation in 2023. According to a report by Bank Al-Maghrib, the nation's central bank, 145 bank branches ceased their physical operations, while only 42 new branches emerged, resulting in a......

Air Arabia Maroc Spreads Its Wings to Amsterdam from Tetouan

In a bold move aimed at enhancing travel opportunities and strengthening ties between Morocco and Europe, Air Arabia Maroc has introduced an exciting new air route linking the northern Moroccan city of Tetouan to the dynamic Dutch capital, Amsterdam. This strategic expansion of the airline's ever-growing......