Category: Business

Marrakech – Morocco’s aviation sector is a vital engine for economic growth, driven by ambitious development plans, Willie Walsh, Director General of the International Air Transport Association (IATA), said on Tuesday.

Speaking at the opening of the…

New York – SandP Global Ratings stated in its latest assessment report that the ongoing economic reforms in Morocco should engender ‘more inclusive’ and ‘more robust’ growth.

“The ongoing shift in Morocco’s underlying economic structure and the robu…

Rabat – Morocco’s tourism revenues surged to a record 76.4 billion dirhams ($7.4 billion) during the first eight months of 2024, marking a 7% increase in cumulative revenues, according to the Ministry of Tourism, Handicrafts, Social and Solidarity Ec…

Rabat – The national accounts for the second quarter of 2024 show a slowdown in the growth of the national economy to 2.4%, compared with 2.5% in the same quarter of 2023, according to the High Commission for Planning (HCP).

Driven by domestic deman…

Abidjan – The Board of Directors of the African Development Bank (AfDB) Group approved a pound 70-million financing facility for Bank of Africa Maroc (BOA) to promote African trade.

The package comprises a 50 million euro Risk Participation Agreemen…

Stock Exchange (Casablanca) – The Casablanca Stock Exchange started trading on the green on Monday with its benchmark index, the MASI, rising by 0.3% to 14,492.87 points.

On Friday, the MASI had closed with a 0.55% gain.

Source: Agence Marocaine D…

Rabat – The dirham appreciated by 0.85% against the US dollar and by 0.26% against the euro, during the September 19-25 period, according to Morocco’s Central Bank, Bank Al-Maghrib (BAM).

During this period, no auctions were conducted in the foreign…

Rabat – Exploring cooperation opportunities between Morocco and China in the textile sector was the focus of a strategic meeting held in Rabat on Thursday between the Minister Delegate in charge of Investment, Convergence and the Evaluation of Public…

Geneva – Morocco now ranks first in the world for ‘industrial designs’ in the 2024 Global Innovation Index (GII) released in Geneva on Thursday by the World Intellectual Property Organization (WIPO).

Morocco has improved its ranking by 10 places in …

Stock Exchange (Casablanca) – The Casablanca Stock Exchange once more closed in the green on Thursday, with its benchmark index, the MASI, gaining 0.62% to 14,370.64 points (pts).

The MASI.20, an index of the 20 most liquid stocks, rose by 0.6% to 1…

London – Morocco’s economy is expected to grow by 2.9% in 2024, driven by a resurgence in manufacturing and tourism, according to the European Bank for Reconstruction and Development (EBRD).

The EBRD’s latest regional economic outlook, released on T…

Casablanca – Logisolutions on Wednesday unveiled the country’s first high-rise logistics platform in the industrial hub of Aïn Sba S-Sidi Bernoussi, Casablanca, setting a new benchmark in storage and distribution capacity, and positioning Morocco as …