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Navigating Morocco's Housing Sector: Pricing Paradox Amid Transaction Downturn

In a curious twist of fate, Morocco's real estate market encountered a puzzling dynamic in the first quarter of 2024. While property prices showed a modest upward trend, the volume of transactions sharply declined, casting a perplexing shadow over the sector's dynamics. Data released by Bank......

Tangier to Host Pivotal Industry Meeting Morocco Aimed at Sovereignty-Driven Industrial Development

In a bid to usher in a new era of sovereignty-focused industrial growth, Industrie du Maroc Magazine is set to host the sixth edition of Industry Meeting Morocco in Tangier on July 11-12. This year's event, themed “The New Industrial Era Driven by Sovereignty,” aligns with the strategic......

Real Estate Sector Grapples with Multifaceted Challenges in Recovery Phase

In the intricate landscape of the real estate sector, a modest 0.6% increase in prices since the beginning of the year marks a positive trajectory. Yet, the industry continues to grapple with multifaceted challenges. Eroding purchasing power, escalating construction material costs, and rising interest......

BAM Amplifies Monetary Interventions Amid Market Stability

The Moroccan economy continues to display resilience and investor confidence, maintaining market stability despite global economic fluctuations. Bank Al-Maghrib (BAM), the country's central bank, has significantly increased its interventions in the monetary market, injecting MAD 127 billion ($12.7......

Casablanca’s Mohammed V Airport Unveils State-of-the-Art Transit Zone

Casablanca, Morocco – In a bid to redefine the passenger experience and bolster security measures, the National Airports Office (ONDA) has inaugurated a cutting-edge transit zone at Casablanca’s Mohammed V International Airport. This significant development is set to cater to the increasing......

Holmarcom Solidifies Dominance in Moroccan Banking Sector

In a strategic move consolidating its position in the Moroccan financial landscape, Holmarcom, the renowned conglomerate, has finalized its acquisition of Credit Agricole's entire stake in Credit du Maroc, a major banking institution in the country. This transaction grants Holmarcom an impressive......

RAM Restores Direct Casablanca-São Paulo Flights, Bridging Morocco and Brazil

In a move that promises to strengthen cultural and economic ties between Morocco and Brazil, Royal Air Maroc (RAM) has announced the highly anticipated resumption of its direct air route connecting Casablanca and São Paulo. Commencing on December 7th, the national carrier will operate three weekly......

Daily Press Review - Friday, June 7, 2024

Morocco Hosts the First Electric Battery Gigafactory in the MENA Region Morocco has taken a significant step towards becoming a regional leader in the automotive industry and energy transition with the signing of a strategic investment agreement between the Moroccan government and the Sino-European......

Unveiling Morocco's Melodious Marvels: Orange Maroc Launches 'Orange Music Talents'

In a dynamic move to unearth the nation's burgeoning musical prodigies, Orange Maroc has unveiled a groundbreaking contest, "Orange Music Talents." This audacious initiative aims to provide a resounding platform for Moroccan youth to showcase their artistic prowess and unleash their creative......