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Moroccan Banks: Profits hit MAD 3.4 billion in 2019 first quarter

At the end of the first quarter of 2019, Morocco’s banking sector posted a 6% increase in profits compared to last year, with 3.4 billion dirhams (MAP). The first three months of the year 2019 were favorable for the banking sector, states local daily, l’Economist, in its Monday issue. Overall income of the banking sector […]

Belgian VM Steel makes foray in Morocco to conquer Africa

VM Steel, a Belgian stock-listed exporter of a wide range of steel products has launched a subsidiary, VM Steel Maroc, in Morocco from where it aims to conquer the African continent. The subsidiary is the first international branch of the Belgian steel giant. “The choice of Morocco is not due to chance. Morocco is indeed […]

Boeing to build excellence engineering center in Morocco

The Moroccan government and Boeing signed a partnership agreement to set up an African Center for Manufacturing Excellence (ACME), as the North African Kingdom seeks more technology transfer to develop its fast growing aerospace sector. The deal was signed at the opening of the Marrakech Air Show which brings together 200 exhibitors from different aerospace […]