Argentinian FM Jorge Faurie

Morocco’s Central Bank keeps interest rate unchanged due to Global & Domestic Situation

Bank Al-Maghrib, Morocco’s central bank, has decided to hold interest rates steady, contrary to the forecasts of many analysts who were expecting a hike of rates following the coronavirus pandemic, rainfall shortage and the Russia-Ukraine war. During its first meeting for the year 2022, the Board of Directors of the Bank decided to keep unchanged […]

Morocco: Banking deposits surge 72% over a decade reaching $120 billion

Banking deposits in Morocco have experienced consistent growth over the past decade, reaching 1.271 trillion dirhams ($120 billion) in 2024 compared to 740 billion dirhams in 2014, representing a remarkable 72% increase. Bank Al-Maghrib monetary statistics confirm this robust upward trajectory, with deposits surpassing the one trillion-dirham milestone in 2020. The growth pattern demonstrates strong […]

Aeronautics: Spirit AeroSystems launches production of fuselage components in Morocco

Spirit AeroSystems, one of the world’s largest manufacturers of aerostructures for commercial airplanes, defense platforms, and business/regional jets has recently started producing at its Morocco plant the fuselage components, the front and rear section of the Airbus A220 aircraft. The site has developed expertise in the manufacturing of components for Bombardier business jets and has […]