Israeli PM Naftali Bennett

Morocco partners with IFC to bolster supply chain financing

Morocco’s central Bank has teamed up with the International Finance Corporation (IFC) to improve SMEs access to finance through the development of Supply Chain Finance (SCF), which enables both buyers and suppliers to optimize their working capital, improve cash flow, and receive early payment on invoices. An agreement has been sealed lately between Bank Al-Maghrib […]

Defense Industry: Morocco Strengthens its Cooperation with Turkey

A Turkish delegation from defense contractor Emtekno paid lately a visit to Morocco to explore cooperation opportunities and showcase its advanced military technology to the Royal Navy. Emtekno company develops cutting-edge technologies for land, air and naval forces. It also provides innovative solutions in the space industry. In Morocco, the Emtekno delegation presented integrated naval […]

State fund CDG estimates coronavirus toll on economy at $5.4 bln

State fund CDG said that the losses due to coronavirus could amount to $5.4 billion (54 billion dirhams) with Morocco expecting a recession in 2020. The study was based on the hypothesis of a four-month-long crisis and a gradual resumption of activity by July 2020. It expects agricultural production to contract by 6% with only […]