Tamwilcom mobilizes 21 billion dirhams in financing in first half of 2024
Tamwilcom’s efforts to support both businesses and individuals have resulted in the mobilization of 21 billion dirhams (MMDH) in financing during the first half of 2024, backed by commitments totaling 11.8 MMDH. This marks...
Park Hyatt Marrakech launches new weekly brunch with stunning Atlas views
Starting Sunday, October 6, Park Hyatt Marrakech is introducing a luxurious new brunch experience at the beautiful Pavillon Terrace & Pool. With breathtaking views of the Al Maaden Golf Course and the majestic Atlas...
Managem’s net profit declines to 259 million dirhams in H1 2024
Managem's net profit attributable to the group (RNPG) dropped to 259 million dirhams (MDH) in the first half of 2024. This decrease is primarily due to higher taxes and an increase in the share...
ONMT makes strategic debut at Tourism Expo Japan 2024
For the first time, from September 26 to 29, 2024, the Moroccan National Tourism Office (ONMT) is participating in the prestigious Tourism Expo Japan. This international platform offers a valuable opportunity to strengthen Morocco's...
CMI takes steps to resolve competition concerns amid electronic payments dispute
In May 2023, Naps SA filed a complaint with Morocco's Competition Council, accusing the Centre Monétique Interbancaire (CMI) of engaging in anti-competitive practices in the electronic payments sector. After a thorough review, the Competition...
United Airlines to launch first direct flight from Marrakech to the U.S.
United Airlines is set to become the first airline to offer a direct flight connecting Marrakech and the United States with a new nonstop service to New York/Newark, starting on October 25, 2024. This...
Morocco climbs Global Innovation Index rankings, now 66th worldwide
Morocco has made significant progress in the 2024 edition of the Global Innovation Index (GII), moving up four places to rank 66th among 133 evaluated economies, according to the World Intellectual Property Organization (WIPO),...
Al Akhawayn University to host HPS Innovation Weekend: A spotlight on AI
From September 27-29, 2024, Al Akhawayn University in Ifrane (AUI) will host the “HPS Innovation Weekend.” Organized by AUI’s Office of Employability and Entrepreneurship in partnership with Hightech Payment Systems (HPS), the event will...
CIH Bank posts strong results for first half of 2024
CIH Bank continues its upward trend, showing remarkable growth by the end of the first half of the year. Client deposits have reached 76.2 billion dirhams, reflecting a net inflow of 2 billion dirhams—a...
COSUMAR boosts profitability in H1 2024 as local sugar sales climb
In the first half of 2024, COSUMAR, Morocco’s leading sugar producer, recorded a consolidated revenue of 4.98 billion dirhams, representing a modest increase of 0.5% compared to the same period in 2023. This growth...