SRM reports significant revenue growth in Q2 2024
The Société de Réalisations Mécaniques (SRM) has reported a revenue of 106.63 million dirhams (MDH) for the second quarter of 2024 (Q2-2024), marking a 50.91% increase compared to the same period in 2023 (Q2-2023)....
Managem Group reports 5% revenue increase in first half of 2024
Managem Group, a leading mining company, has reported a revenue of 4.408 billion dirhams (MMDH) by the end of June 2024, reflecting a 5% increase compared to the same period in the previous year. This...
Accor reports strong first half 2024 financial results
Accor has posted impressive financial results for the first half of 2024, with revenue rising by 11% to reach 2.677 billion euros. This growth has been driven by the group's ongoing expansion, which saw...
U.S. recession fears hit global markets: Casablanca and Europe suffer sharp declines
Concerns over a potential U.S. recession have caused a substantial decline in European financial markets on Monday, August 5, impacting the Casablanca Stock Exchange as well. Both the Masi and Masi 20 indices dropped...
Damane Cash and Bank Al Karam announce strategic partnership
Damane Cash and Bank Al Karam, a payment institution and participatory bank under the BANK OF AFRICA Group, proudly announce the establishment of a strategic partnership. This collaboration aligns with the Group’s synergy policy,...
Buddha-Bar opens in Agadir: A sensory experience awaits at ‘The View Hotel’
Agadir is now pulsating to the rhythm of Buddha-Bar, located within The View Hotel Agadir. Offering a unique sensory experience, visitors can indulge in exquisite Asian cuisine, creative cocktails, enchanting music, and breathtaking performances...
Takaful insurance generates 65.9 million dirhams in premiums in 2023
The Takaful insurance sector garnered 65.9 million dirhams (MDH) in premiums in 2023, according to the 11th annual financial stability report published by Bank Al-Maghrib, the Insurance and Social Welfare Supervisory Authority, and the...
Veolia Environnement’s capital increase greenlit by AMMC
The Moroccan Capital Market Authority (AMMC) announced on Thursday that it has approved the final prospectus for Veolia Environnement's capital increase reserved for group employees. This capital increase will be executed through the issuance of...
CIH BANK launches CODE 212: Seamless banking for Moroccan expats
CIH BANK is transforming banking services for Moroccans Residing Abroad (MRE) with the launch of "CODE 212," a fully digital solution that allows users to open and manage their bank accounts online, free of...
Disway’s half-year revenue declines by 8.9% amid challenging market conditions
Wholesale distributor of IT and telecom equipment, Disway, reported a consolidated revenue of 842 million dirhams (MDH) for the first half of 2024 (H1-2024), reflecting an 8.9% decrease compared to the same period last...