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Royal Air Maroc Expands Connectivity Between Rabat and Laayoune

In a move to strengthen regional ties and boost tourism, Royal Air Maroc (RAM) has announced the resumption of air services between the cities of Rabat and Laayoune. The airline will now offer two flights per week on this route, providing enhanced connectivity for travelers. The inaugural flight on......

Moroccan Financial Landscape Shifts as Saham Finances Acquires Societe Generale Maroc

In a significant development that underscores the changing dynamics of the African banking sector, Morocco's Competition Council has given the green light for Saham Finances to acquire a controlling stake in Societe Generale Marocaine de Banques. This move, valued at over 8 billion Moroccan dirhams......

Morocco's Economic Horizon: Central Bank Projects Record-Breaking Remittances by 2025

In a promising forecast for Morocco's economic landscape, Bank Al-Maghrib (BAM), the country's central bank, has unveiled projections that paint a picture of robust growth across multiple sectors. The standout prediction: remittances are expected to reach an unprecedented MAD 123.7 billion ($12......

Morocco's Economic Crossroads: Central Bank Urges Caution on Flexible Exchange Rate Transition

In a decisive press conference on Tuesday, Bank Al-Maghrib Governor Abdellatif Jouahri delivered a sobering assessment of Morocco's readiness to transition to a flexible exchange rate regime. Despite notable macroeconomic progress, Jouahri emphasized that the nation's economic landscape, particularly......

Morocco's Central Bank Spearheads Initiative to Curb Cash Dominance

In a bold move to address Morocco's burgeoning cash economy, the country's central bank, Bank Al-Maghrib (BAM), has established a high-level committee tasked with tackling the unprecedented surge in cash circulation. This initiative comes as Morocco grapples with a staggering MAD 430 billion......

Bank Al-Maghrib Lowers Interest Rates to 2.75% Amid Inflation Decline

In a significant monetary policy shift, Morocco’s central bank, Bank Al-Maghrib, has announced a 25 basis point reduction in its benchmark interest rate, bringing it down to 2.75%. This move, marking the first rate change in over a year, comes on the heels of a notable decline in inflation pressures......

Societe Generale Maroc Appoints Mehdi Benbachir as CEO

Effective Leadership Transition Promises Continued Growth and Innovation The banking sector in Morocco is set for a significant shift as Societe Generale Maroc has announced the appointment of Mehdi Benbachir as its new Chief Executive Officer, effective July 1, 2024. This decision, finalized during......

Resurgence in Real Estate: Why Businessmen Are Snapping Up Stalled Construction Projects

As summer approaches, real estate developers anticipate a surge in demand to help clear their property inventories. However, a notable trend has emerged where savvy investors are capitalizing on developers' misfortunes by purchasing halted construction projects at bargain prices. These investors......

Moroccan Financial Sector Anticipates Steady Course for Central Bank's Interest Rates

In a remarkable display of consensus, Morocco's financial community is exhibiting an almost unanimous expectation that Bank Al-Maghrib (BAM), the country's central bank, will maintain its current benchmark interest rate. This sentiment emerges from a recent survey conducted by Attijari Global......