Hilton

Morocco: Moroccan Army scales up capacity with three American Chinook aircrafts

The Royal Moroccan Air Force got delivery on Saturday of three new refurbished CH-47D Chinook transport helicopters. The Chinook aircrafts arrived at the port of Tanger-Med, Tangier, aboard the US registered cargo vessel MV Liberty Pride. The delivery of the three CH-47 helicopters is part of a foreign military sales case facilitated by the Security […]

Maroc Telecom pays $630 mln in damages to Inwi

Telecom operator, Maroc Telecom, has paid 6.3 billion dirhams ($630 mln) in damages to its competitor Inwi after it was indicted by a court for anti-competitive practices. The fine represents 17% of the firm’s turnover and exceeds the 6.1 billion dirhams it made in profit last year. Fingers are pointing to Maroc Telecom’s CEO Abdesslam […]

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 […]