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Morocco’s BCP mulls stake sale to Asian bank

Morocco’s second largest bank, BCP, is said to be planning to allow in a major Asian bank as stakeholder in a bid to diversify its portfolio to Asia, Bloomberg reported. “The sale, which could be enacted through a cash injection, is the linchpin of a five-year strategy starting in 2021 that the Casablanca-based lender plans […]

Morocco-new cabinet: world capitals eager to continue working with a partner country

Following the formation of the new Moroccan cabinet, headed by RNI leader Aziz Akhannounch, Paris and Washington wished every success to the new government in the fulfilment of its new mission. In this vein, France expressed on Friday, October 8 its “commitment to continue to deepen the exceptional partnership with Morocco in all areas”, on […]

Morocco Wants a New Trade Deal with Turkey before January 30

Morocco’s trade minister Moulay Hafid Elalamy said that the Kingdom and Turkey have started negotiations to review some provisions to make their Free Trade Agreement more balanced. He said Morocco loses 2 billion dollars annually in trade with Turkey, adding that the two parties have agreed to reconsider the agreement in order to make it […]