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...
Three Moroccan banks shine in The Banker’s 2024 African top 100 ranking
In its latest annual ranking of Africa’s top 100 banks for 2024, The Banker magazine has recognized Morocco’s banking prowess with three major institutions securing positions in the top 10: Attijariwafa Bank (6th)
Banque...
Hamid Bentahar re-elected as head of Morocco’s ‘National Tourism Confederation’
During the elective General Assembly held on September 27, 2024, in Marrakech, Hamid Bentahar was unanimously re-elected as President of the National Tourism Confederation (CNT) for another three-year term. He will be joined by...
Capgemini and UM6P unite to shape the future of hydrogen transportation
Capgemini and the Laboratory of Inorganic Materials for Sustainable Energy Technologies (LIMSET), part of the Mohammed VI Polytechnic University (UM6P), have signed an agreement to collaborate on innovative hydrogen storage solutions for the automotive...
Akdital Group reports 70% surge in net profit for H1 2024 !
Akdital Group's consolidated net profit reached 127 million dirhams (MDH) in the first half of 2024, marking a significant 70% increase compared to the same period in 2023. According to a company statement, the...
Network International expands to Morocco, driving digital payment transformation
Network International, a leader in digital commerce across the Middle East and Africa, has officially announced its entry into Morocco, marking another step in its strategic expansion into Francophone Africa. With over 30 years...
Nasser Bourita meets with Staffan Di Mistura in New York
Morocco’s Minister of Foreign Affairs, African Cooperation, and Moroccans Living Abroad, Nasser Bourita, held discussions with the Personal Envoy of the UN Secretary-General for the Moroccan Sahara, Staffan De Mistura, on Sunday in New...