Crédit du Maroc strengthens executive team and unveils strategic reorganization
Crédit du Maroc recently announced significant changes during a meeting held on September 18, 2024, under the leadership of Mr. Mohamed Hassan Bensalah, Chairman of the Supervisory Board. The board approved a new organizational...
Hezbollah struck by unprecedented blasts, Nasrallah pledges “terrible punishment”
On Thursday, Hezbollah’s leader, Hassan Nasrallah, acknowledged the group had suffered an "unprecedented blow" following deadly explosions targeting its communication devices in Lebanon. Nasrallah blamed Israel for the attacks and vowed a "terrible punishment"...
Seismic studies underway for strategic tunnel between Morocco and Spain
The Spanish company Secegsa is set to carry out seismotectonic research as part of ongoing studies aimed at constructing a tunnel linking Spain and Morocco. According to a Spanish media source, an official tender...
Moroccan aeronautics exports soar by 20.3% in 2024
Exports in Morocco's aeronautics sector reached 15.34 billion dirhams (MMDH) during the first seven months of 2024, marking a 20.3% increase compared to the same period in 2023, according to the Office des Changes....
OCP gains ground as Mosaic withdraws request for U.S. fertilizer tariff review
In a significant development in the commercial dispute between Morocco's OCP Group and Mosaic, the latter has recently withdrawn its request for a review of the countervailing duties (CVD) imposed on Moroccan fertilizers in...
Intelcia rises to 3rd place in France’s outsourcing market
In a moderately growing French outsourcing market (+2.5% in 2023), Intelcia has distinguished itself by securing the 3rd spot in the ranking of outsourced contact center providers, according to the annual report by SP2C. Intelcia's...
Money transfers from Moroccans abroad increase by 3.3% in first 7 months of 2024
Money transfers from Moroccans residing abroad (MRE) reached over 68.13 billion dirhams (MMDH) by the end of July 2024, compared to 65.95 MMDH during the same period in 2023, according to the Office des...
Key ruling approaches in NAPS vs. CMI dispute over payment market competition
Morocco’s Competition Council is poised to make a key ruling in a dispute between NAPS, a subsidiary of M2M, and the Centre Monétique Interbancaire (CMI). NAPS has accused CMI of abusing its dominant market...
Dakhla gears up for 2024 Kitesurf and Wingfoil World Cups with global stars
The 14th edition of the Prince Moulay El Hassan Kitesurf World Cup, organized by the Global Kitesports Association (GKA), and the 3rd Wingfoil World Cup, hosted by the Global Wingsports Association (GWA), are set...
No peace without Palestine: Saudi Arabia refuses ties with Israel without statehood
Saudi Crown Prince Mohammed bin Salman has reiterated that Saudi Arabia will not establish formal diplomatic ties with Israel without the creation of an independent Palestinian state, with East Jerusalem as its capital. Speaking...