IMF

King Mohammed VI receives message from Crown Prince of Abu Dhabi

King Mohammed VI received Wednesday a message from Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, Sheikh Mohammed ben Zayed Al Nahyan. The message, whose contents were not disclosed, was conveyed to the Monarch by UAE Foreign Minister Sheikh Abdallah Ben Zayed Al-Nahyane during an audience at the Royal […]

Holmarcom to buy BNP Paribas’ majority stake in Morocco’s BMCI

Holmarcom Finance Company has agreed to acquire the 67% controlling stake held by BNP Paribas in Moroccan lender Banque Marocaine pour le Commerce et l’Industrie (BMCI), the two groups said on April 29. The transaction is expected to close in the fourth quarter of 2026, subject to regulatory approvals in Morocco, including from Bank Al‑Maghrib […]

Fitch Deems Morocco’s Capital Markets Well Developed

Capital markets are reasonably deep and well developed in Morocco wherein institutional investors buy long-term senior and subordinated bonds issued by Moroccan banks, says Fitch Ratings in its latest report on Moroccan retail housing finance market. The introduction of a covered bonds market in Morocco would support continued strong growth of retail mortgage lending, adds […]