Finance & Business

Groupe Rahal plans major expansion into Senegal by 2025

The prominent Moroccan hospitality company, Groupe Rahal, has announced its ambitious plan to establish operations in Senegal by 2025, as part of its broader Pan-African expansion strategy. Kamal Rahal Essoulami, the group's CEO, shared this...

Japan Tobacco International’s new eco-friendly factory rises in Morocco

Japan Tobacco International (JTI) has commenced the construction of its new factory at Tétouan Park within the Tanger Med industrial platform. This significant project, representing an investment of 931.2 million dirhams (approximately 92 million...

Belgian group Macan to invest 1.5 billion dirhams in Moroccan expansion

Belgian group Macan, already established in Morocco since 2015, has announced plans to invest an additional 1.5 billion dirhams over the next five years. This follows an initial investment of 600 million dirhams in...

New era for Ritz-Carlton Rabat as Christian Fomm appointed general manager

The Ritz-Carlton Rabat, Dar Es Salam is delighted to announce the appointment of Christian Fomm as the new General Manager of the resort. With a prestigious career in luxury hospitality, Christian Fomm brings unparalleled...

Riva Industries unveils 2.9 billion dirham new steel plant in El Jadida

On Friday, July 19, the Minister of Industry and Commerce, Mr. Ryad Mezzour, accompanied by several officials, made an official visit to Riva Industries' industrial unit located in the Jorf Lasfar Med-Z industrial park...

Barid Cash and AtlantaSanad agents association sign partnership agreement

Barid Cash and the Amicale des Agents AtlantaSanad have announced a partnership agreement aimed at the distribution of Barid Cash services through the general agents of the insurance company AtlantaSanad. This partnership marks a significant...

EPEGA, DXC CDG, and SBM lauded for exemplary CSR practices by CGEM

The General Confederation of Moroccan Enterprises (CGEM) has announced the awarding of its Corporate Social Responsibility (CSR) Label to EPEGA, along with the renewal of this label for DXC CDG and Société des Boissons...

New look, new era: Marsa Maroc unveils fresh identity and expansion plans

Marsa Maroc has revealed a new visual identity, symbolizing its dedication to growth and modernity. This rebranding marks a significant milestone in the company's evolution. Alongside this new image, Marsa Maroc has modernized its governance...

Moroccan government sells stake in iconic “La Mamounia Hotel” to OCP Group

The Moroccan government has completed the sale of its stake in the iconic La Mamounia hotel to the OCP Group. This transaction, valued at 1.7 billion dirhams (over $173 million), allows OCP to become...

Akdital’s 1 billion dirham capital increase a resounding success

Akdital's recent capital increase operation, amounting to 1 billion dirhams (MMDH), has been met with exceptional enthusiasm from investors, reflecting strong confidence in the company's future. The capital increase resulted in the issuance of 1,492,537...

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