The International Association of Golf Tour Operators (IAGTO) has given Morocco the award of “Africa’s Best Golf Tourism Destination of the Year” at an event in Malaga celebrating the country’s diversified golf resorts and courses scattered across the country. The distinction was awarded following a vote by 660 golf operators who took into account the […]
Moroccan banks’ profitability continued to recover strongly in 1st half of 2023, with aggregate net income reaching record levels, says Fitch rating agency, noting that the positive trend should continue in 2nd semester due to higher interest rates and loan book growth. The seven largest banks’ aggregate net income increased by 28% yoy in 1st […]
New York-based investment banking company Morgan Stanley has moved Egypt’s sovereign credit to a “dislike stance” from a “neutral” rating and noted that the cash-strapped country will face what it termed “mounting risks” in the coming months, Bloomberg reports. The bank argued that the upcoming December elections exacerbate the situation. The planned polls in which […]
