CASABLANCA STOCK EXCHANGE SURPASSES ONE TRILLION DIRHAM MILESTONE

The Casablanca Stock Exchange achieved a historic milestone last week, crossing the one trillion dirham market capitalization threshold for the first time, confirming the Moroccan financial market’s growing maturity and investor confidence. The benchmark MASI index advanced 1.30 percent during the week, breaking through the psychological 19,000-point barrier. This achievement reflects sustained market consolidation driven […]

UK MP commends Moroccan King’s vision for stability & democracy

Chairperson of UK-Morocco Parliamentary Friendship Group Heather Wheeler has commended King Mohammed VI’s vision for strengthening stability, democracy and building a strong inclusive economy. This Royal vision will make Morocco UK’s “strategic partner in Africa,” said on Tuesday in Rabat the Conservative MP following her meeting with Moroccan Foreign minister Nasser Bourita. She also praised […]

Bombardier, Spirit reach new aerostructures deal for Belfast, Casablanca Facilities

Bombardier announced this week it has reached amended definitive agreement to sell its aerostructures business in Casablanca, Belfast, and Dallas to Spirit AeroSystems Holding Inc. of Wichita, Kansas. The initial purchase agreement between the two companies was announced in October 2019 for a cash consideration of $500 million, plus the assumption of liabilities with a […]