Inwi triumphs at 2024 African Cristal Festival with three prestigious awards
Inwi made a stunning impact at the 2024 African Cristal Festival, securing three top awards at this major event that celebrates the creativity and innovation of brands across Africa. The festival is a key...
GPC Group invests 250 million dirhams in new packaging factory in Meknès
The Gharb Papier et Carton (GPC) Group, a subsidiary of Ynna Holding, is ramping up its expansion strategy with a significant investment in a new factory in Meknès. This project, worth 250 million dirhams,...
Aciturri opens new production site in Morocco’s Midparc industrial zone
On Wednesday, Aciturri, a leading Spanish aerospace company specializing in aircraft structures and engine component manufacturing, inaugurated its new production site in the Midparc industrial zone in Nouaceur, Morocco. This marks a significant milestone...
Résidences Dar Saada reports a net loss of 17 million dirhams for 1st half...
Résidences Dar Saada posted a net loss of 17 million dirhams (MDH) for the first half of 2024, compared to a net loss of 8 MDH during the same period in 2023. This reflects...
Fonds d’Équipement Communal (FEC) sees 3% growth in net profit for H1 2024
The Fonds d'Équipement Communal (FEC) ended the first half of 2024 with a consolidated net profit of 177 million dirhams (MDH), marking a 3% increase compared to the same period in 2023. This positive...
Al Omrane’s record-breaking growth: Net profit surges 640% in 2024 !
The Al Omrane group has reported exceptional financial results for the first half of 2024, showcasing a significant transformation and growth trajectory. With a consolidated net profit of 194 million dirhams (MDH), the company...
OVS opens third Moroccan store in Casablanca, expanding fashion footprint
The renowned Italian fashion brand OVS continues its rapid expansion in Morocco, unveiling its third store on the famous boulevard Al Massira Al Khadra in Casablanca. Following the success of its locations at Marina...
S&P Global Ratings reaffirms Morocco’s BB+ rating, cites economic resilience
In a report released on October 1, S&P Global Ratings reaffirmed Morocco’s sovereign debt rating at BB+/Positive/B, while slightly lowering its forecast for real GDP growth in 2024 to 3.1%, down from a previous...
BMCI experiences decline in profit for the first half of 2024
BMCI has released its financial results for the first half of 2024, showing a mixed performance across its key indicators. The bank’s net banking income (PNB) grew by 11.4%, reaching 1.89 billion dirhams, driven...
Addoha’s revenue surges 20% in first half of 2024, boosted by West Africa
Addoha Group recorded impressive results in the first half of 2024, with revenue reaching 1.7 billion dirhams, a 20% increase compared to 2023. This performance was driven by a rebound in production in Morocco...