Wafabail reports 49.7% increase in net banking income by June 2024
Wafabail, a subsidiary of Attijariwafa Bank, reported a net banking income (PNB) of 230 million dirhams by the end of June 2024, marking a significant increase of 49.7% compared to the same period in...
Japan : Ancient 3,000-year-old cedar tree falls due to typhoon Shanshan
A majestic 3,000-year-old cedar tree, located on Japan’s Yakushima Island, collapsed on Tuesday due to strong winds caused by Typhoon Shanshan, according to local tour guides. The 26-meter-tall cedar, known as "Yakusugi," had a...
CIH Bank successfully completes capital increase operation
CIH Bank has successfully concluded its capital increase operation, which was reserved for shareholders and holders of preferential subscription rights, through the issuance of 977,499 new shares. This capital increase amounts to 349.944 million...
Wafa Assurance : 8.7% revenue growth in H1 2024
Wafa Assurance Group achieved a consolidated revenue of 7.1 billion dirhams (MMDH) in the first half of 2024 (H1-2024), reflecting an 8.7% increase driven by strong performances both in Morocco and internationally. This growth...
Stroc Industrie reports 5% revenue growth in Q2 2024
Stroc Industrie achieved a revenue of 25.5 million dirhams (MDH) in the second quarter of 2024 (Q2-2024), marking a slight increase of 5% compared to the same period last year. This quarter was notably...
S2M Group Sees 12.6% Revenue Growth in H1 2024
The S2M Group achieved a consolidated revenue of 146.9 million dirhams (MDH) by the end of June 2024, reflecting a 12.6% increase compared to the same period last year. In the second quarter of...
Les Eaux Minérales d’Oulmès reports 16.5% revenue growth in H1 2024
Les Eaux Minérales d'Oulmès (LEMO) recorded a 16.5% increase in revenue for the first half of 2024, reaching 1.321 billion dirhams (MMDH). This growth reflects the company’s ongoing innovation and development initiatives, which have...
Cosumar records 83% progress in sugar harvest campaign by June 2024
Cosumar has announced that its sugar harvest campaign reached 83% completion by the end of June 2024, a significant improvement from the 62% achieved during the same period last year. Despite challenges posed by...
TGCC reports 30% revenue growth in first half of 2024
TGCC (Travaux Généraux de Construction de Casablanca), a global leader in industrial, public, and building construction, achieved an operating revenue of nearly 3.8 billion dirhams (MMDH) in the first half of 2024, marking a...
Bank credit outstanding reaches 1.112 billion dirhams in 1th seven months of 2024
Bank Al-Maghrib (BAM) reported that outstanding bank credit in Morocco reached 1.112 billion dirhams (MMDH) during the first seven months of 2024, reflecting a year-on-year increase of 4.6%. This total is divided between non-financial...