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Morocco’s Central Bank Governor Presents to King Mohammed VI annual report on economic, monetary, and financial situation for the year 2025

King Mohammed VI, accompanied by Crown Prince Moulay El Hassan, received Monday in the Royal Palace of Tetouan Governor of Bank Al-Maghrib Abdellatif Jouahri, who presented to him the Bank’s annual report on the economic, monetary, and financial situation for the year 2025. In an address during the audience, Jouahri stated that, in an international […]

Egypt Registers Record $8.5 Billion USD Inflow in July Amid Remittance Surge

Egypt recorded its highest-ever monthly inflow of U.S. dollars in July 2025, reaching a staggering $8.5 billion, as announced by Prime Minister Mostafa Madbouly. This figure, which excludes volatile “hot money” investments, reflects robust economic confidence and includes a notable contribution from remittances—Egyptians working abroad sent over $3.6 billion in July alone. The surge in […]

BMCE rebrands to Bank of Africa

BMCE Bank of Africa, the third largest bank in Morocco, said it will be called Bank of Africa as of next September, an appellation that underscores the African ambition of the group. The new name was unveiled by BMCE CEO Othman Benjelloun who said that the Bank aspires to develop its business including in the […]