Finance & Economy

“FCP Emergence Performance” is now voted the best action fund in the Moroccan market over a period of 10 years. That’s what was decided at the last edition of the “Lipper Fund Awards 2019”, recently organized in Dubai by Thomson Reuters. Valoris Management was awarded in this way in the …

The National Ports Agency (ANP) will borrow 1 billion dirhams. The operation, targeted by the Moroccan Capital Market Authority (AMMC), is divided into two tranches. The first (700 million dirhams) will have a 15-year maturity with a fixed rate, while the other (300 million dirhams) with an annual revisable rate …

Moroccans consume a lot of green tea. In 2018, Morocco imported a quarter of the tea exported by China. A tradition rooted in the mores of society for a little over a century and a half. Can we do without mint tea? The question no longer arises for the overwhelming …

A five-year deal has been signed between Continental and the African Football Confederation (CAF) to sponsor the tournament, including the 2019 edition to be held in Egypt. Under a five-year agreement signed by the African Football Confederation (CAF), Continental, an international tire manufacturer, will sponsor the African Cup of Nations …

No more suspense. The international tender for the design, financing, construction, operation and maintenance of the Noor Midelt I project was awarded to the consortium led by EDF Renouvelables (France) and composed of Masdar (United Arab Emirates) and Green of Africa (Morocco). Noor Midelt I will have an installed capacity …

Piovan Group, an Italian company specializing in the supply of auxiliary equipment, engineering solutions and services for the plastics industry, is moving to Morocco. The company announces the opening of a commercial branch in the Kingdom, its third country of presence in Africa after Algeria and South Africa. The objective …

Three Chinese airlines have made an official claim for compensation to Boeing after grounding and postponements of deliveries of 737 MAX, said Chinese public television CCTV. It is China Southern, China Eastern and Air China had all asked to be compensated by the US manufacturer, says this source. This request …

Spain remained Morocco’s leading trading partner in the first quarter of 2019, both in terms of exports and imports, according to data published by the Statistical Office of the European Union (Eurostat). The Iberian country remained in 2018 as the first trading partner of Morocco, for the seventh consecutive year. …

The Organization for Economic Co-operation and Development (OECD) has called on states to avoid trade conflicts in a context marked by escalating trade tensions between the United States and China. On the sidelines of its annual meeting that opens Wednesday in Paris, the Organization called on states to avoid “emergency” …

An unforgettable graduation. This Sunday, students at the University of Morehouse in Atlanta, USA, learned in a speech that they no longer had to worry about their student loan. Robert F. Smith, a black billionaire, came to the 2019 promotion that he would take over all his student debts. That’s …