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Morocco and Embraer strengthen their strategic alliance in aviation

The recent meeting between Morocco’s Minister of Transport and Logistics and the CEO of Embraer, a leading Brazilian aerospace company, marks a significant step in deepening the strategic collaboration between Morocco and a key player in the global aviation sector. This dialogue aligns with Morocco’s......

Best Health appoints Adnane Zerhouni as CEO to drive African healthcare innovation

Best Health announces Adnane Zerhouni as its new CEO to accelerate growth and innovation in Africa’s healthcare sector. Best Health has officially appointed Adnane Zerhouni as its new Chief Executive Officer, signaling a strategic step to expand its leadership in Africa’s healthcare industry.......

Renault CEO faces parliamentary scrutiny over compensation amid French industrial challenges

In a tense session at the French National Assembly, Renault CEO Luca de Meo defended his 5.5 million euro compensation package while addressing concerns about the future of the company's former subsidiary, Fonderie de Bretagne. The hearing highlighted the stark contrast between executive pay and......

Boeing reports $11.8 billion loss in 2024 amidst strikes and safety challenges

Boeing posted a significant loss for 2024, reporting a $11.8 billion deficit after facing multiple setbacks throughout the year, including an extended labor strike, safety concerns with its commercial planes, and defense contract issues. The company incurred a $3.9 billion loss in the fourth quarter,......

Gilles Fromageot appointed new CEO of AXA Morocco and CIMA regional operations

AXA Assurance Maroc has announced the appointment of Gilles Fromageot as the new Chief Executive Officer of AXA Morocco and the AXA CIMA regions, which include operations in Cameroon, Côte d’Ivoire, Gabon, and Senegal. The appointment, pending regulatory approvals, is set to take effect on......

Starbucks Reinforces New Policy on Store Usage and Customer Experience

Starbucks has announced a change in its policy regarding the use of its coffee shops in North America, requiring customers to make a purchase in order to use its spaces, including restrooms. This shift reverses a previous stance from 2018, which allowed non-customers to use the facilities after a high-profile......

Casablanca Fitness Chain CEO Faces Check Fraud Allegations Amid Ongoing Legal Challenges

Jonathan Harroch, CEO of Morocco's City Club gym franchise, appeared before the Ain Sebaa Court of First Instance in Casablanca on Wednesday to address allegations of issuing checks without sufficient funds. The hearing required Harroch's temporary transfer from Ain Sebaa prison, where he is......

Historic Bond Success: BCP Secures $120 Million as Morocco's First Female Bank CEO Takes Charge

Banque Centrale Populaire (BCP) has successfully concluded a MAD 1.2 billion ($118.9 million) perpetual subordinated bond issue, marking a significant achievement under the guidance of Naziha Belkeziz, Morocco's first female bank CEO. The offering, which ran from December 25-27, 2024, garnered exceptional......

 Spirit Airlines Files for Chapter 11 Bankruptcy Amid Financial Struggles

Spirit Airlines has officially filed for Chapter 11 bankruptcy protection, citing mounting losses, increasing debt, and a failed merger as key factors in its decision. The Florida-based airline made the announcement on Monday, detailing the steps it will take to stabilize its operations amid financial......