On the occasion of Eid Al Adha, celebrated Saturday June 7 in Morocco, King Mohammed VI granted pardon to 1526 people, sentenced by the different Moroccan courts, the Justice Ministry said in a statement. The Ministry of Justice unveiled the list of the beneficiaries of the royal pardon, who are either detained or serving a […]
The Qatar Investment Authority (QIA) deposited $1 billion at the Central Bank of Egypt (CBE) at the time the Gulf country was close to a deal to acquire a government stake in some of the major companies in the North African country, Asharq Business reports, citing informed sources. The funds, the sources told the media, […]
Moroccan banking activity improved in 2024 with major banks reporting record profits totaling $2.3 billion, a 21.3% increase compared with the previous year. The net profit attributable to shareholders rose by nearly 20% to 19.2 billion dirhams ($2 bln). The growth was spurred by the recovery in banking activity, cost reduction, and contained risk cost. […]
