EBRD, EU and GCF Support Green Investments in Morocco
The European Bank for Reconstruction and Development (EBRD) – supported by the Green Climate Fund (GCF) and the European Union (EU) – is providing a financial package of up to €25 million to Credit...
ONEE, GSEP and UM6P Join Forces to Promote Academic Excellence in Sustainable Energy Development
The National Office of Electricity and Drinking Water (ONEE), the Global Sustainable Electricity Partnership (GSEP) and the Mohammed VI Polytechnic University (UM6P) have concluded a partnership agreement to grant an educational scholarship to promote...
Market Penetration of Smuggled Cigarettes Amounts to 1.91% in 2021: ADII
The market penetration of smuggled cigarettes in 2021 amounted to 1.91% nationwide compared to 1.37% in 2020 and 5.23% in 2019, according to the Administration of Customs and Indirect Taxes (ADII). These figures were announced...
Amazon to Hire 125,000 Employees across US
Amazon announced Tuesday its plans to hire 125,000 full- and part-time employees in hundreds of different cities and towns across the US. The positions include placement in fulfillment and transportation with an average starting wage...
Global Finance : Morocco’s Central Bank Governor Among Top 10 Central Bankers
Morocco's Central Bank (Bank Al-Maghrib-BAM) governor Abdellatif Jouahri was ranked among the top 10 best central bankers, according to the American magazine 'Global Finance' latest ranking. Governor Jouahri was graded "A" by the magazine on...
AIVAM: Sales of new cars in Morocco reached 118,382 units during the first eight...
Sales of new cars in Morocco reached 118,382 units during the first eight months of this year, up 13.81% compared to the end of August 2019, according to the Association of Motor Vehicle Importers...
IFC Partners with BMCE Bank International Plc UK to Support Trade in Africa
The International Finance Corporation (IFC) and BMCE Bank International Plc UK announced on Wednesday a partnership designed to support cross-border trade in Africa and prevent shortages of essential goods, including grains and building materials,...
BAM.. Bank Credit Increased by 3% in July
Bank credit in the non-financial sector increased, year-on-year, by 3% last July after 4.1% a month earlier, said Bank Al-Maghrib (BAM-central bank). This development reflects increases in loans to households of 5.6% and those of...
Bitcoin Price Surpasses $50,000 First Time since May 15
The price of the Bitcoin cryptocurrency was going up over 2.5 percent in the early hours of Monday, briefly surpassing the $50,000 mark. Data from the Binance cryptocurrency exchange showed that Bitcoin was trading...
Global Airlines Had Worst Year During 2020 COVID-19 Crisis
Domestic and international airlines underwent the worst year on record in 2020, as the coronavirus pandemic decreased passenger traffic by more than 60 percent and global carriers lost more than $125 billion, the International...