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Spain’s PM Sanchez thanks Morocco for help after blackout

Spanish Prime Minister Pedro Sanchez has expressed thanks to Morocco for its support in helping restore electricity to parts of Spain following a massive power outage. Power was restored in some northern and southern regions “thanks to interconnections with France and Morocco,” Sanchez said in a televised address, adding: “We are grateful to both countries […]

Moroccan banks post record profits as market confidence returns

Morocco’s listed banks have entered a virtuous cycle, recording 91.6 billion dirhams in net banking income for 2024, up 12.8 percent year-on-year, significantly exceeding five-year averages and signaling robust sector recovery. Attijari Global Research’s latest report reveals comprehensive performance improvements across all revenue streams. Interest margins grew 6.3 percent driven by credit volume recovery, particularly […]

Over 730,000 Moroccan Nationals Legally Settled in Spain

The number of Moroccans legally settled in Spain grew to 734,402 in 1st semester of 2019, a 2.9 pc increase compared to same period of last year, says the Spanish National Statistics Institute (INE) in its latest survey. Moroccans maintained their top position as the first foreign community legally living in this EU member country. […]