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Credit Agricole to Open Morocco’s First Islamic Bank

Moroccan state-owned bank Credit Agricole (CAM) received the approval of the Ministry of Finance to open an Islamic subsidiary with The Islamic Development Bank (IDB), the Central Bank, Bank Al Maghrib, said in an official bulletin. Bank Al Maghrib added that it is in the final stages of launching Islamic finance industry, which is referred […]

Morocco moves toward decentralized energy production, with new self-production law

Morocco has taken a significant step toward energy autonomy with the adoption of a law regulating electricity self-production. The law, approved by the cabinet on October 23, aims to decentralize power generation and strengthen the kingdom’s energy resilience amid rising demand and slowing renewable output. The move comes as Morocco faces mounting energy pressures. National […]

India-Africa Partnership: Morocco Takes Part in 14th Conclave of New Delhi

A Moroccan delegation, led by minister of Industry, Investment, Trade and Digital Economy, Moulay Hafid Elalamy, is taking part in the 14th Conclave on India-Africa Project Partnership, which opened Sunday in New Delhi with the participation of delegates from more than 37 African countries. The three-day event, organized by the Confederation of Indian Industry (CII) […]