mohammed_vi delivering speech at Brazzaville Summit

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 […]

Algeria: Military Expenditures Hit $9.37 bln in 2015- US State Department

Algeria has earmarked $9.37 billion to military expenditures in 2015, the US Department of State said in its 2017 World Military Expenditures and Arms Transfers report. The report notes that Algeria slashed military spending in 2015, compared to $11 billion in 2014 and $9.89 billion in 2013. Cash-strapped Algeria, which faces an impending depletion of […]

US tax firm Andersen Global expands into Morocco

Anderson Global has strengthened its presence in North Africa under collaboration Agreement with Morocco-based advisory firm M.A. Global Consulting (MAGC), announced the American tax firm in a press release. After continuing expansion throughout Southern, Eastern and Western Africa, Andersen Global strengthens its presence in North Africa via a collaboration agreement with M.A. Global Consulting, the […]