Khalid Qalam named president of Gotion Power Morocco
Gotion High-Tech has announced the appointment of Khalid Qalam as President of its Moroccan subsidiary, Gotion Power Morocco SA. Effective September 1, 2024, Qalam will assume executive leadership of the company, supported by General...
Morocco’s Al Boraq takes the 7th spot among the world’s fastest trains
Morocco’s high-speed train, Al Boraq, is now recognized as one of the fastest trains in the world, reaching a top speed of 357 km/h. According to a ranking compiled by Statista, Al Boraq secures...
Morocco’s booming economy attracts returning expats and internationals
An increasing number of highly educated Moroccans living abroad are opting to return and establish their professional lives in cities like Casablanca, Marrakech, and Rabat, rather than staying overseas. This return is part of a...
Water crisis: Agadir leads the way with renewable-powered desalination plant
Thanks to its cutting-edge seawater desalination plant, which runs entirely on renewable energy, Agadir is positioning itself as a pioneer in the global fight against water scarcity, a critical issue exacerbated by climate change. Agadir,...
Sofac sees 7% growth in banking income, driven by strong demand
Sofac, a leading consumer credit and leasing company in Morocco, reported a consolidated net banking income (PNB) of 385 million MAD for the first half of 2024, marking a 7% increase compared to the...
Sothema reports strong revenue growth by June 2024
The Moroccan pharmaceutical company Sothema has announced a consolidated revenue of 1.328 billion Moroccan dirhams (MAD) for the first half of 2024, marking a 12.1% increase compared to the same period in 2023. This impressive...
Capgemini SE capital increase for employees approved by AMMC
The Moroccan Capital Market Authority (AMMC) has approved the preliminary prospectus for a capital increase by Capgemini SE, exclusively reserved for its employees. This increase will involve the issuance of up to 2,700,000 new...
Morocco’s industrial boom: A new hub for global investments
Morocco is experiencing a sweeping "industrial revolution," attracting significant investments in sectors such as infrastructure and energy, according to a Wednesday report by the Italian digital newspaper L'Opinione delle Libertà. The publication highlights Morocco’s strategic...
Renault shares sale for employees greenlit by AMMC
The Moroccan Capital Market Authority (AMMC) has officially approved the prospectus for a Renault share sale, exclusively available to the company's employees. This operation offers a total of 5,914,445 shares for subscription. According to the...
Sopriam : New premium division and exclusive DS 7 unveiled
In a glamorous event held at the prestigious Royal Mansour, Sopriam revealed a comprehensive new strategy aimed at reshaping its brand portfolio and elevating its market presence. Several key announcements were made, including the...