Historic telecom ruling: IAM ordered to pay 6.4 billion dirhams to Wana Corporate
The Casablanca Commercial Court of Appeal upheld a historic ruling against IAM (Itissalat Al-Maghrib) on July 3, ordering the telecom giant to pay 6.4...
Industrial growth on the horizon (except for textile and leather sectors!)
Bank Al-Maghrib (BAM) has forecasted a robust increase in production and sales across most industrial sectors over the next three months. This optimistic outlook,...
Strengthening human rights: CNDH unveils comprehensive 2023 report
The National Human Rights Council (CNDH) unveiled its annual report for 2023 on Tuesday in Rabat, focusing on the theme "Establishing a National System...
Moroccan banking sector rebounds with 20.4% profit surge in 2023
The Committee for Coordination and Monitoring of Systemic Risks (CCSRS) convened on Tuesday at Bank Al-Maghrib's (BAM) headquarters in Rabat and noted that the...
Resilient Moroccan insurance market sees 6.2% profit increase
Despite rising interest rates, the Moroccan insurance sector managed to maintain its growth in 2023, albeit at a slower pace, according to the Committee...
Audi overtakes BMW and Mercedes in Moroccan premium car market
New car sales in Morocco reached 82,286 units by the end of June 2024, reflecting a 1.06% increase compared to the same period last...
Moroccan aerospace exports soar by 17.6% in early 2024
The aeronautics sector in Morocco achieved exports totaling 10.68 billion dirhams (MMDH) during the first five months of 2024, marking a 17.6% increase compared...
ONHYM and ESSO sign key hydrocarbon exploration deals in Morocco
The National Office of Hydrocarbons and Mines (ONHYM) and ESSO Exploration International Limited (ESSO) signed two recognition contracts on Tuesday in Rabat. This is...
UM5R and AUA unite to boost research and higher education in Africa
The promotion of cooperation in scientific research was the focus of discussions on Tuesday in Rabat between the president of Mohammed V University of...
Tesla’s sales slump by 4.8% as market competition intensifies
American electric vehicle giant Tesla has experienced a decline in sales this year as major competitors launch their own electric models.
For the second consecutive...