Keywords: Finance


Mohamed Ezzahaoui takes over Morocco customs, Abdellatif Amrani leads treasury

Mohamed Ezzahaoui has been appointed director general of Morocco’s Customs and Indirect Taxes Administration, while Abdellatif Amrani has been confirmed as Treasurer General of the Kingdom following a government council decision. The appointments were formalized under constitutional procedures......

AfDB and OCP sign €450 million green credit guarantee to support sustainable investment program

The African Development Bank (AfDB) and the OCP Group have signed a €450 million partial credit guarantee agreement aimed at supporting the company’s large-scale investment program in Morocco. The agreement, signed in Rabat, is designed to facilitate a €530 million green financing package......

Wafasalaf marks 40 years of service and unveils its strategic vision to 2030

Wafasalaf, one of Morocco's leading consumer finance companies, marked four decades of operations with a formal institutional evening that brought together shareholders, partners, institutional representatives, employees, and ecosystem stakeholders. The event, themed "40 years of history, between......

AI financing drives record surge in U.S. convertible bond issuance

The rapid expansion of artificial intelligence is fueling a sharp increase in U.S. corporate financing activity, particularly in the convertible bond market, where companies are raising record levels of capital. Convertible bonds, which can be converted into company shares under certain conditions,......

HSBC chief warns 200,000 staff to adopt AI or risk falling behind

HSBC chief executive Georges Elhedery has told the bank’s 200,000 employees to embrace artificial intelligence or risk being left behind, framing generative AI as a force that will both eliminate and create jobs across the financial sector. He made the remarks during an investor day presentation......

Asia climate resilience funding lags 200 billion annual gap

Environ 100 billion dollars have been deployed across Asia for climate resilience efforts over the past five years, yet the region continues to face a large annual financing gap of around 200 billion dollars. A new assessment released Monday shows that current investment levels fall far short of what......

Venezuela launches major debt restructuring amid economic challenges

Venezuela has officially launched a broad restructuring of its public debt in an effort to stabilize the national economy and restore confidence among international investors after years of financial crisis and default. The restructuring process includes debt linked to the Venezuelan government and......

Prediction markets face growing scrutiny over suspicious trading activity

Prediction market platforms are facing increased regulatory attention after reports of a sharp rise in suspicious trading activity linked to the rapid growth of the sector. Major platforms such as Kalshi and Polymarket have reportedly detected a growing number of unusual transactions during 2026 as......

Morocco’s budget deficit widens as spending outpaces revenue growth

Morocco recorded a budget deficit of MAD 15.5 billion by the end of April 2026, widening from MAD 11.8 billion during the same period a year earlier as public spending continued to accelerate despite stronger tax collection. The latest public finance data showed that rising operating and investment expenditures......