Le Piston, a French company manufacturing airplane and helicopter parts, will set up its second plant in Morocco for a total investment of €5 million, Moroccan media said. The plant will be built in Casablanca over 4000 square meters and will produce parts that range up to 1.20 meters, Le Piston President said. The new […]
Egypt has sent around 150 soldiers to Syria to support forces of President Bashar al Assad, Anadolu news agency reports, citing military sources. The soldiers had been sent to Aleppo countryside, Idlib area, in coordination with Iranian Revolutionary Guards via Hama Military Airport, the agency notes. They were subsequently deployed in the Khan al-Asal area […]
Fitch Rating highlighted the positive outlook for the seven largest Moroccan banks in 2023 whose profitability is set to improve on the back of a better risk management. “We expect profitability will improve at a faster pace in 2023 as lower impairment charges (LICs) should continue to decline while higher rates will start to feed […]
