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Keywords: Financial services


Surge in Spanish remittances positions Morocco as a leading recipient

Remittances from Spain to Morocco have nearly doubled over the past decade, establishing Morocco as the second-largest recipient of funds transferred from the European nation. Recent data from the Bank of Spain, analyzed by The Objective, reveals that in 2023, remittances to Morocco reached €1.375......

Growth in Moroccan wholesale trade signals optimism for early 2025

Moroccan wholesale trade sector sees growth amid challenges for services Morocco’s wholesale trade sector demonstrated resilience in late 2024, with 36% of enterprises reporting an uptick in sales during the fourth quarter, as revealed by a survey conducted by the High Commission for Planning......

Crédit du Maroc and AtlantaSanad join forces to enhance insurance and savings solutions

In a strategic move to bolster their market presence, Crédit du Maroc and AtlantaSanad Assurance have entered into a bancassurance partnership. This collaboration aims to expand the range of insurance and savings products available to both individual and business clients of Crédit du Maroc,......

Morocco's new fintech hub aims to transform digital finance landscape

Morocco has marked a significant milestone in its financial technology sector with the launch of the Morocco Fintech Center (MFC) in Rabat. The center's inaugural board meeting, chaired by Bank Al-Maghrib Governor Abdellatif Jouahri, signals a coordinated push to advance the country's digital......

QIB Recognized as Best Islamic Bank in the GCC for 2024

The Qatar Islamic Bank (QIB) was honored with the prestigious title of "Best Islamic Bank in the Gulf Cooperation Council (GCC) for 2024," awarded by the International Union of Arab Bankers (IUAB) this past Saturday. This award highlights QIB's leading position in providing banking services......

Moroccan Banks Announce Exceptional Year-End Weekend Operations for 2024

The Moroccan Professional Group of Banks (GPBM) has unveiled plans to keep banks open during the final weekend of 2024, marking a notable departure from standard banking hours. This exceptional measure, announced on Thursday, will see banks operating on December 28-29, 2024. The initiative is designed......

Morocco's Bank Al-Maghrib: A Bold Move to Cap Electronic Transaction Fees

In a significant development, Morocco's central bank, Bank Al-Maghrib, has taken a decisive step to regulate the fees charged for electronic transactions, setting a cap at 0.65% of the transaction value. This move, announced recently, aims to foster a more inclusive and accessible financial ecosystem,......

Saham Group's Strategic Move: Acquiring Société Générale Maroc

In a significant development for Morocco's financial sector, the Saham Group has received the green light to acquire Société Générale Maroc, a prominent banking institution. This strategic move, approved by the country's regulatory authorities, marks a pivotal moment......

Trump Unveils Ambitious Plan to Make U.S. the Global Crypto Hub

Republican presidential nominee Donald Trump has announced an ambitious plan to position the United States as the "crypto capital of the planet." In a video shared with his 90 million followers on X, Trump stated, "This afternoon, I’m laying out my plan to ensure that the United......