Keywords: Financial sector
On the occasion of the 27th anniversary of his accession to the Throne of his Glorious Ancestors, His Majesty King Mohammed VI delivered his annual Throne Day address to the Moroccan people. Below is the full text of the Royal Speech: "Praise be to God. May peace and blessings be upon the Prophet,......
Europe's banking sector continued its multi-year resurgence on Wednesday as Deutsche Bank, UBS and Standard Chartered all reported second-quarter earnings that exceeded market expectations. The latest results extend a recovery that has driven European bank shares sharply higher since 2024, demonstrating......
Barclays has reinforced its long-term commitment to London's financial district by acquiring a 999-year leasehold interest in its global headquarters at Canary Wharf in a transaction valued at £750 million. The agreement, completed on Tuesday, gives the British banking group control of the......
A limited cyberattack has disrupted services at four major Iranian banks, temporarily affecting certain operations but without compromising customer data, according to Iran’s banking coordination council, as reported by state-affiliated media. The affected institutions include Bank Melli, Tejarat......
The Chief Executive Officer of Standard Chartered, Bill Winters, has issued an apology following controversy over his remarks about artificial intelligence and its impact on jobs. Winters expressed regret over the “upset caused” to employees after suggesting that AI could replace certain......
China has announced the removal of countermeasures imposed on two European Union banks following a reciprocal easing of sanctions by the European bloc, marking a small step toward stabilizing financial relations between the two sides. The decision was confirmed by China’s Ministry of Commerce......
Financial regulators in the United Kingdom are reportedly holding urgent discussions to evaluate potential cybersecurity risks associated with the latest artificial intelligence model developed by Anthropic, according to media reports. Authorities including the Bank of England, the Financial Conduct......
Holmarcom Group and the International Finance Corporation (IFC) have successfully established a strategic partnership, marking IFC's acquisition of an 18.62% minority stake in Holmarcom Finance Company (HFC) for MAD 1.35 billion ($135 million). This collaboration comes on the heels of Holmarcom’s......
With a 36% surge in financial operations and the introduction of an ambitious 2024–2028 strategy, the Moroccan Capital Market Authority (AMMC) is charting a course toward a robust financial future. The Moroccan Capital Market Authority (AMMC) has unveiled its 2023 annual report, showcasing a transformative......
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