Fonds d’Équipement Communal (FEC) sees 3% growth in net profit for H1 2024
The Fonds d'Équipement Communal (FEC) ended the first half of 2024 with a consolidated net profit of 177 million dirhams (MDH), marking a 3% increase compared to the same period in 2023. This positive...
Marrakech hosts cutting-edge innovations at the SOMCEP congress
On September 27 and 28, 2024, the vibrant city of Marrakech welcomed the 6th annual SOMCEP Congress, gathering top professionals in plastic surgery and aesthetic medicine. This prestigious event, organized by the Moroccan Society...
Al Omrane’s record-breaking growth: Net profit surges 640% in 2024 !
The Al Omrane group has reported exceptional financial results for the first half of 2024, showcasing a significant transformation and growth trajectory. With a consolidated net profit of 194 million dirhams (MDH), the company...
OVS opens third Moroccan store in Casablanca, expanding fashion footprint
The renowned Italian fashion brand OVS continues its rapid expansion in Morocco, unveiling its third store on the famous boulevard Al Massira Al Khadra in Casablanca. Following the success of its locations at Marina...
BCP and Tanger Med forge historic blockchain partnership for port payments
The Banque Centrale Populaire (BCP) and Tanger Med Port Authority (TMPA) have recently announced a groundbreaking partnership, introducing the “Blockchain Payment Gateway” to Morocco’s logistics sector. This landmark agreement, unveiled during the Tanger Logistics...
Morocco’s tourism revenue hits record 17 billion dirhams in August
Tourism revenues in Morocco reached an unprecedented 17 billion dirhams (MMDH) in August 2024, according to the Ministry of Tourism, Handicrafts, and Social and Solidarity Economy. This represents a nearly 20% increase compared to...
S&P Global Ratings reaffirms Morocco’s BB+ rating, cites economic resilience
In a report released on October 1, S&P Global Ratings reaffirmed Morocco’s sovereign debt rating at BB+/Positive/B, while slightly lowering its forecast for real GDP growth in 2024 to 3.1%, down from a previous...
BMCI experiences decline in profit for the first half of 2024
BMCI has released its financial results for the first half of 2024, showing a mixed performance across its key indicators. The bank’s net banking income (PNB) grew by 11.4%, reaching 1.89 billion dirhams, driven...
Addoha’s revenue surges 20% in first half of 2024, boosted by West Africa
Addoha Group recorded impressive results in the first half of 2024, with revenue reaching 1.7 billion dirhams, a 20% increase compared to 2023. This performance was driven by a rebound in production in Morocco...
La Mamounia triumphs at “Condé Nast Traveler’s 2024 Reader’s Choice Awards”
Marrakech’s iconic palace hotel, La Mamounia, has achieved a remarkable double victory at the 2024 Condé Nast Traveler Reader’s Choice Awards, being named the Best Hotel in North Africa and the 11th Best Hotel...