Bank Al-Maghrib presents 20th annual report on banking supervision for 2023
Bank Al-Maghrib (BAM) unveiled its 20th annual report on banking supervision for the year 2023 at a press conference in Casablanca. Presented by Nabil Badr, Deputy Director of the Banking Supervision Directorate at BAM,...
Atacadão expands with 15th hypermarket in Taourirt
Atacadão, the hypermarket brand of the LabelVie Group, continues its territorial expansion with the inauguration of its 15th store in Taourirt, located in the Oriental region. This new outlet, situated in the industrial district...
Morocco’s aerospace sector set for major expansion by 2030
Morocco is set to double the number of jobs in the aerospace sector by 2030, said the Minister of Industry and Commerce, Ryad Mezzour, on Tuesday in Farnborough, southwest of London. "According to the Vision...
Allianz Services opens new office in Morocco’s CasaNearshore hub
Allianz Services, a subsidiary of the Allianz Group, one of the world leaders in insurance and asset management, has inaugurated its new office in Morocco, located at CasaNearshore, the largest offshoring hub in the...
LG Energy Solution plans low-cost EV battery plant in Morocco
LG Energy Solution (LGES), the world's second-largest manufacturer of electric vehicle batteries, is considering establishing a factory in Morocco. This plant would produce low-cost lithium iron phosphate (LFP) batteries for the European market in...
Pitch invasion halts Argentina-Morocco game as VAR reviews final goal
In a dramatic turn of events, the Argentina-Morocco match appears to be unresolved due to a potential offside on Argentina's last-minute goal. After Argentina equalized (2-2) in the 105th minute, the referee sent all...
Société Générale Maroc launches “Un Été au Maroc” for Moroccans living abroad
Société Générale Maroc is dedicating its resources to serve Moroccans living abroad, placing them at the center of its priorities. This commitment highlights the bank's efforts to strengthen its connections with Moroccans residing abroad...
Paris Olympic: Morocco secured a dramatic 2-2 draw against Argentina
In a heated encounter at Geoffroy-Guichard Stadium on Wednesday, July 24, the Atlas Cubs of Morocco secured a dramatic 2-2 draw against Argentina. The match, filled with tension and excitement, saw both teams battling...
Maroc Telecom reports solid revenue growth driven by “Moov Africa” subsidiaries
The Maroc Telecom Group reported consolidated revenues of 18.26 billion dirhams (MMDH) by the end of June 2024, marking a 0.9% increase. This growth is primarily driven by the performance of its Moov Africa...
Moroccan banks achieve 32% profit growth in Q1 2024 despite higher provisions
Moroccan banks demonstrated exceptional resilience in the first quarter of 2024, recording a 32% increase in net profit compared to the previous year, according to a Fitch Ratings report published on July 22. This...