SM le Roi la cérémonie d’inauguration du Groupe PSA au Maroc

Fitch agency: Moroccan Banks Net Income Reaches Record Levels 2023

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 […]

UAE: CAFU to open shop in Egypt, first market in Africa

Emirati on-demand petroleum product supplier, CAFU, will begin operations in Egypt under a Memorandum of Understanding with the Egyptian General Petroleum Corporation. The agreement will enable CAFU to launch fuel delivery services in Egypt in line with regulations and safety standards. Launched in the UAE in 2018, CAFU uses mobile app to provide service anytime […]

Does Algeria have leverage to retaliate from Spain after its Sahara move?

Algeria has recalled its ambassador from Spain after Madrid voiced support for Morocco’s territorial integrity and for the autonomy plan. Algiers has also said it will reassess all deals signed with Spain in a diplomatic escalation that shows the extent to which Algeria is involved as a real party to the Sahara conflict that it […]