Abdelfattah-Louarak-Zakaria-Cheikh-Ibrahim

Riyadh-based Tamara platform raises $100m in Serie B around

Gulf buy now, pay later (BNPL) Tamara platform said on Monday it raised $100 million in a second round of fundraising from investors, including Sanabil Investments, which is owned by Saudi Arabia’s sovereign wealth fund PIF, Reuters reports. The funding will help the company expand in new markets and provide customers with new products and […]

Morocco-Mexico business partnership strengthens through cooperation agreement

The General Confederation of Moroccan Enterprises (CGEM) and the Confederation of Industrial Chambers of Mexico (CONCAMIN) signed a memorandum of understanding on Monday in Mexico City meant to strengthen economic and industrial cooperation between the two countries and establish a strategic partnership in investment and trade. The agreement, signed by CGEM President Chakib Alj, who […]

Central bank sees automotive sector exports at $20 bln by 2026

Morocco’s central bank gave a promising outlook for Morocco’s current account balance putting emphasis on the growing exports of the automotive sector, seen at a record 20 billion dollars by 2026. Likewise, the bank expects Morocco’s phosphates and derivatives exports would settle at 10 billion dollars, while remittances from Moroccans abroad and tourism receipts would […]