Recent Posts

Lower metal prices impact Managem

Managem’s business was strongly impacted by lower metal prices. At the end of June, the group posted a turnover of 2.1 billion dirhams, down 13% year-on-year. This decline is due to lower prices for Cobalt (-50%) and Zinc (-14%), even though production has increased. The gross operating surplus thus fell …

Read More »

The bankruptcy of Thomas Cook: A disaster for Moroccan tourism

This is very bad news for Marrakech and Agadir, the two leading tourism destinations in Morocco. The two have just lost 150,000 tourists after the Thomas Cook debacle. Its bankruptcy will obviously have a direct impact on the sector with a general decline in several issuing markets. To recover this …

Read More »

UAE Exchange liquidates its subsidiary in Morocco

If the transfer of money has made a lot of fortunes in Morocco, some have rather left a lot of feathers! Unlike the shareholders of Eurosol, Cash Plus or M2T who have done very good business by pocketing capital gains on the sale of their company (the latest was the …

Read More »