Finance & Economy

Bank Al-Maghrib (BAM) has called on credit institutions to suspend all dividend distributions for the 2019 fiscal year until further notice, BAM said in a statement. In the context of the pandemic Covid-19 crisis, credit institutions are called upon to strengthen their role in financing the economy, notes the press …

DELL signed an agreement with MEDZ, a subsidiary of “CDG Développement”, to renew the lease for its site at Casanearshore Park in early May. Classified by the American IT group as a “Center of Excellence”, this site shelters more than 2,000 employees, on 20,000 m², moreover offering services to customers …

Morocco rose to fourth place in the world in 2019 with a quantity of tomatoes exported of 587.82 million kilos, 8.13% of the world total, with an income of 683.49 million euros at the sale of this agricultural product at an average price of 1,163 euros per kilo. And according …

Two samples of Moroccan masks in non-woven fabric have been certified, without any reservation, by the French army after the authorization of Imanor, CTTH, and other national organizations. This certification from such an institution (foreign and in charge of security) shows that the masks produced in Morocco and sold in …

Specialized in sewing in the Marrakech-Safi region, craft cooperatives can now obtain free authorizations for the making and marketing of protective masks against Covid-19, said the president of the Chamber of Crafts of the region, Hassan Chamis. The latter indicated that it is possible for cooperatives operating in the field …

Casablanca Finance City (CFC) is strengthening its network of partners. The Casablanca financial center has just signed a memorandum of understanding with Rwanda Finance Limited (RFL) in order to promote investment opportunities between Rwanda, Morocco and Africa, and strengthen long-term cooperation between the two countries. This agreement will thus promote …

The OCP Group retains its position as the world’s leading exporter of phosphates, despite a declining market share, dropping from 38% to 34% over the period January-September 2019. The group’s exports of raw phosphate increased from 11 million tonnes (MT) in 2018 to 9.5 MT in 2019, impacted by a …

The investment branch of Groupe “Caisse de Dépôt et de Gestion” (CDG), CDG Invest, is launching the second promotion of 212 Founders, a support and financing program aimed at developing world-class startups from Morocco. Open to everyone, the 212 Founders program is aimed at high-potential entrepreneurs wishing to bring out …

Unveiled in February, the low-priced “Ami” cart without license, produced in Kénitra, Morocco, will hit the market on May 11, the effective date of deconfinement in France. Citroën unveiled on April 27, the various offers related to this atypical model. The launch of the new 100% electric vehicle will take …

The PSA Group will restart its Kénitra plant on Thursday 6 May 2020. Sanitary measures have been reinforced at all industrial and commercial sites for this purpose. In view of the gradual and secure restart of the Kénitra plant on May 6, 2020, the kingdom’s health authorities paid a visit …