Pegasus case: Morocco’s Public Prosecutor orders judicial investigation

The Presidency of the Public Prosecution gave, on Wednesday, its instructions to the Public Prosecutor at the Rabat Court of Appeal to open a judicial investigation into the false allegations published by some foreign newspapers, leveling accusations against Moroccan authorities and implicating national constitutional institutions in cases which undermine the Kingdom’s higher interests. The order […]

Hospital operator Akdital to make an offering at Casablanca stock exchange

Akdital, a Moroccan group that owns 15 clinics in Morocco, plans an Initial Public Offering at the Casablanca stock exchange to raise 1.2 billion dirhams.   The IPO is the second on the Casablanca stock exchange which aims to attract similar offerings from Moroccan enterprises.   In recent months, the bourse launched a campaign to […]

Akhannouch Tops Podium of Richest Men in Morocco

Aziz Akhannouch, Agriculture and Fisheries Minister and head of the RNI party, was ranked Morocco’s wealthiest man in Forbes 2018 ranking of World’s Billionaires. Akhannouch, the owner of Akwa group, with a total wealth of $2.2 billion came ahead of his countryman Othman Benjelloun, President of BMCE Bank with $1.7 billion. Akhannouch’s wealth came largely […]