BAM Governor Abdellatif Jouahri

Morocco: Banking deposits surge 72% over a decade reaching $120 billion

Banking deposits in Morocco have experienced consistent growth over the past decade, reaching 1.271 trillion dirhams ($120 billion) in 2024 compared to 740 billion dirhams in 2014, representing a remarkable 72% increase. Bank Al-Maghrib monetary statistics confirm this robust upward trajectory, with deposits surpassing the one trillion-dirham milestone in 2020. The growth pattern demonstrates strong […]

Libya: Tobruk-Based Parliament Rejects GNA

Libya’s internationally recognized parliament based in the eastern city of Tobruk Monday rejected the UN-backed Government of National Accord (GNA) in a vote of no confidence, putting the political process in jeopardy. Monday vote by the House of Representatives (HoR) came after many previous sessions failed due to lack of quorum. Assembly President Aguila Saleh […]

Car Industry Injects New €1.2 billion investments in Morocco

Morocco continues to steadily expand its car industry fabric, a fact that confirms the country’s leading position in relation to high added-value activities and the confidence it enjoys on the part of international investors. After the Memorandum of Understanding signed Saturday between Morocco and Chinese electric vehicle maker BYD related to building a production site […]