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Morocco's Central Bank Spearheads Initiative to Curb Cash Dominance

In a bold move to address Morocco's burgeoning cash economy, the country's central bank, Bank Al-Maghrib (BAM), has established a high-level committee tasked with tackling the unprecedented surge in cash circulation. This initiative comes as Morocco grapples with a staggering MAD 430 billion......

ONCF Unveils Ambitious Summer 2024 Rail Strategy: Connectivity and Comfort Take Center Stage

Morocco's National Railway Office (ONCF) is gearing up for a transformative summer season, rolling out an extensive plan to accommodate the anticipated surge in travelers. From June 24 to September 23, 2024, the Moroccan rail network will pulsate with over 230 daily trains, marking a significant......

Energean Streamlines Global Operations to Zero In on Morocco

London-based Energean PLC divests Egyptian, Italian, and Croatian portfolios in a $945 million deal, aiming to sharpen its focus on Moroccan assets. In a strategic move poised to reshape its global footprint, Energean PLC, headquartered in London, has announced the sale of its portfolios in Egypt, Italy,......

Al Barid Bank et sa filiale Barid Cash s'associent avec Ria Money Transfer

Al Barid Bank et Barid Cash ont conclu un partenariat stratégique avec Ria Money Transfer, l'un des leaders mondiaux des transferts d'argent transfrontaliers. Al Barid Bank vient de signer un accord stratégique avec Ria Money Transfer pour offrir, dans toutes les agences du groupe,......

EU Cash Payment Cap: Key Considerations for Moroccan Travelers

The European Union is ushering in a significant change that demands attention from Moroccan travelers and business professionals. The era of unrestricted cash payments is drawing to a close, compelling adaptation from Moroccans venturing to Europe and engaging in cross-border business transactions. Failure......

Morocco Invests Billions in Cash Surpluses

The Moroccan government finds itself in a favorable financial position, boasting surplus funds that are not lying dormant. The Treasury and External Finance Department, a branch of the Ministry of Economy and Finance, took decisive action this week by channeling an impressive 20.75 billion Moroccan dirhams......

Morocco's Treasury Allocates MAD 2.4 Billion to Foster Cash Surpluses

In a strategic move aimed at optimizing financial resources, the Moroccan Treasury and External Finance Department (DTFE), operating under the purview of the Ministry of Economy and Finance, unveiled a groundbreaking initiative on Monday to invest MAD 2.4 billion in cash surplus. This innovative endeavor......