money transfer

Morocco reports 55% surge in FDIs in 2024- UNCTAD

Morocco recorded a robust 55% increase in foreign direct investment (FDI) in 2024, attracting $1.64 billion and reaffirming its growing appeal to international investors, according to the World Investment Report 2025 published by UNCTAD. The country’s diversified industrial strategy and leadership in renewable energy continue to position it as a rising economic hub in Africa. […]

Moroccan & Hungarian Central Banks to enhance cooperation in online financial services

Morocco’s Central Bank (Bank Al-Maghrib) and its Hungarian peer Magyar Nemzeti Bank (MNB) have agreed, under an agreement, to foster their cooperation in banking digitalization and innovation in financial services. The agreement, which was signed on Monday, also deals with risk management related to digitalization as well as cybersecurity and digital transformation. Speaking on this […]

Renewable energy: Italy, Tunisia revive plans for 600 MW project

Italy and Tunisia are reviving plans for power interconnection between the two countries. The project has been under development by Italian transmission company Terna and Tunisian gas and electricity group STEG since 2003. The project was originally conceived to export power generated in Tunisia to Italy but is now based on an electricity exchange in […]