Widad

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 […]

Egypt: Debt payment delayed, Gulf oil grants over, Minister Ismail

Oil Minister Sherif Ismail has announced that the payment of Egypt’s debt to foreign oil companies will be delayed by six months thereby pushing the deadline to the end of next year after Egypt had promised to repay all its debt by mid-2016. He also said there will no longer be oil grants from the […]

Rabat and Moscow Discuss Bilateral Ties and Upcoming Russia-Africa Summit

The Moroccan-Russian relations and the 2023 Russia-Africa Summit due in St. Petersburg July 27-29 were at the center of talks held Wednesday in Moscow between Moroccan ambassador to Russia Lotfi Bouchaara and deputy foreign minister Mikhail Bogdanov. The two parties also discussed bilateral political dialogue on regional issues of common concern, said the Russian foreign […]