First Independent Mena Newspaper
As expected, Morocco’s Central Bank has finally given its green light to five Moroccan banks to set up Islamic banks – known locally as participative banking- and allowed three banks to sell Islamic products. The regulatory approvals concern the three major Moroccan banks Attijariwafa Bank, BMCE of Africa and Banque Centrale Populaire (BCP), and two […]
The Banker Magazine, an offshoot of the Financial Times, awarded Attijariwafa Bank the title of the “Best Moroccan Bank” in 2016 for the 8thconsecutive time. Attijariwafa Bank Group was awarded two other prizes in London during the month of December, granted by prestigious British magazines in recognition for its performance over the past year. EMEA […]
Morocco spent $6.2 billion on weapon deals from 2011 to 2015, said an annual Congressional study dubbed, “Conventional Arms Transfers to Developing Nations, 2008-2015, one of the most comprehensive assessments of global arms sales available in an unclassified form. The US continues to be the main arms supplier of Morocco over the same period with […]
Morocco’s Central Bank, Bank Al Maghrib, forcasted a 4.2% growth rate for Moroccan economy in 2017, up from 1.2% in 2016. The positive growth rate was put forward on the backdgrop of a promising crop year following abundant rainfall, the Bank said. The bank has kept its benchmark interest rate unchanged at 2.25 percent as […]
Dubai airline, Emirates, announced that it would operate its first ever commercial Airbus A380 flight to Casablanca. The iconic double decker 491-seat aircraft will operate daily flights to Morocco replacing the Boeing 777-300ER aircraft currently used on the Dubai-Casablanca route. The company said in a statement that the switch to A380 will offer a total […]
EU officials and media continue to voice concern over the threats of instability in Algeria, which braces for a political crisis marked by the opacity of the regime and disagreements on who will succeed the ailing President Bouteflika and an economic crisis triggered by shrinking oil revenues. “Europe should draw lessons from the tragedy in […]
Governor of Delaware, Jack Markell, will participate on Friday in the “Atlantic Dialogues” in Rabat, a conference on issues pertaining to Atlantic Ocean countries. The US governor will take part in a panel alongside with senior officials, business leaders, opinion shapers and the media from North and South America, Africa, Europe, and Asia. The three-day […]
Morocco was ranked third in Africa’s fastest growing reinsurance markets in the Africa Reinsurance Pulse 2016, an annual report issued by Schanz, Alms & Company. “Kenya, Nigeria and Morocco are the fastest growing reinsurance markets, driven by the size and diversity of their economies, a young and growing population and advanced regulatory regimes,” says the […]
Chinese Polytechnology company, specialized in defense equipment, which has been under fire in Africa and around the world for bribery and money laundering, will build a military and commercial port at the Mauritanian city of N’Diago, sitting on the bank of Senegal River, few miles from the Senegalese city of St. Louis, reports say. The […]
Tunisian authorities are on cloud nine as expectations for “Tunisia 2020” international forum seem to be met with 34 billion dinars investment including 15 billion dinars pledged through conventions. The two-day event was not like empty promises made in 2014. Youssef Chahed, country’s Prime Minister oversaw signings indicated Wednesday that Tunisia is back on the […]