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Keywords: Financial services
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......
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......
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 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......
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......
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......
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,......
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......
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......