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Finance & Economy

Merger agreement between the PSA groups and Fiat-Chrysler

French automakers PSA and Italian-American Fiat-Chrysler announced Wednesday that they have signed a merger agreement to “form the world’s fourth-largest automaker.” The two automakers signed “a binding agreement binding with a view to a merger between equals of their activities, to form the fourth largest automobile manufacturer in the world,” …

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Western Union expands its network in Morocco

Western Union, the leader in international and inter-currency money transfers, has today expanded the availability of its international money transfer services from Morocco to more than 200 countries and territories. Customers in Morocco can now go to any participating agency of Western Union partner agents – AlBarid Bank, Banque Populaire, …

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China Trade Week: Inauguration of the 3rd edition

The 3rd China Trade Week (CTW) Morocco 2019 and the 1st edition of the African Technology Show opened on Monday in Casablanca, in the presence of Moroccan and Chinese professionals looking for business opportunities. Held on the initiative of MIE Group Events, this three-day event, which aims to be a …

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IMF: Morocco’s economic growth to accelerate in the medium-term

Morocco’s economic growth is expected to accelerate gradually over the medium term, despite downside risks, the International Monetary Fund said following its second review of the country’s $3 billion Precautionary and Liquidity Line (PLL). The Washington-based multilateral lender approved the funding package last year to help the North African country …

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Fitch maintains Morocco’s Triple B

The American rating agency Fitch Ratings has maintained Morocco’s rating at BBB-. This rating is supported by: A record of macroeconomic stability, itself reflected by relatively low inflation and volatility in GDP A small share of foreign currency debt in total general government debt An external liquidity buffers “relatively comfortable”.

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EIB: The Vice-President expected in Morocco

The Vice President of the European Investment Bank (EIB) in charge of Maghreb Bank activities, Emma Navarro, is paying an official visit to Morocco on Friday, a statement from the EIB said. During this visit, Navarro will announce “the financing of new projects considered strategic for Morocco such as the …

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Attijariwafa Bank invests more and more in SMEs

Aware of its role as leader and benchmark social player, the Attijariwafa bank group has deployed for several years several strong actions to promote entrepreneurship. The CEO of the banking group Mohamed El Kettani initiated an informal meeting with the press in order to present the numerous initiatives implemented by …

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Towards a strong return of Mango in Morocco

The Spanish textile group is in talks with the Maltese group, Hudson, to establish its presence in Morocco. And according to a statement, ready-to-wear sign for women, men and just recently children, wants to redeploy under our skies. Negotiations will be underway for the opening of new outlets in Casablanca, …

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