Advertising

Keywords: MAROC


Wildfire near Marseille disrupts flights and transport as flames spread rapidly

A fast-moving wildfire near Marseille temporarily shut down the city’s airport on Tuesday, causing widespread flight cancellations and delays as flames approached dangerously close to the runways. Marseille Provence Airport suspended operations around midday, leaving travelers stranded and airlines......

Revolut eyes Morocco for expansion amid fintech growth in North Africa

Europe’s largest digital bank, Revolut, is preparing to enter the Moroccan market, marking a significant step in its expansion across the Middle East and North Africa (MENA) region. The British fintech giant has appointed Amine Berrada, former operations director for Uber in Southern and Eastern......

Moroccan banks reduce bad loans, boost coverage despite rising provisions

Morocco’s central bank, Bank Al Maghrib (BAM), revealed a 2.7% decrease in non-performing loans (NPLs) at Moroccan banks, bringing the total to MAD 97.4 billion ($10.86 billion) in 2024. This marked a slight improvement in the loss rate to 8.4%, down 0.1 percentage points from the previous year,......

Morocco grants 5G licenses to telecom operators in major digital leap

The National Telecommunications Regulatory Agency (ANRT) has officially granted 5G licenses to Morocco’s three main telecom operators: Maroc Telecom, Inwi, and Orange. This decision marks a significant step in the country’s digital transformation. According to the ANRT's latest report,......

Microcredit sector in Morocco reaches 9.5 billion dirhams in outstanding loans

The microcredit sector in Morocco continues its upward trend, with total outstanding loans reaching 9.5 billion dirhams by the end of 2024, according to the latest report by Bank Al-Maghrib (BAM). This marks a 9.4% increase compared to the previous year’s growth of 4.2%. Over 98% of these loans......

Royal Air Maroc strengthens fleet with new Boeing 737 MAX 8 additions

Royal Air Maroc (RAM) has expanded its fleet with the delivery of two Boeing 737 MAX 8 aircraft, marking a significant step in the airline's growth strategy. The new planes, received on Thursday, are part of the company’s broader plan to modernize its operations and prepare for major international......

Fuel giants dominate Morocco’s market with MAD 2.3 billion profit in 2024

Morocco’s fuel distribution market remains under the tight control of nine major companies, which collectively generated a net profit of MAD 2.3 billion ($230 million) in 2024, according to a newly released report from the Competition Council. Despite signs of market diversification, these distributors......

Morocco sees sharp rise in bank cards but cash still dominates

The number of bank cards in circulation in Morocco rose to 22.6 million in 2024, marking a 12% increase compared to the previous year, according to the latest annual banking supervision report released by Bank Al-Maghrib. Despite this significant growth, cash withdrawals remain the main use of these......

Royal Air Maroc strengthens fleet with new Boeing 737 MAX 8 deliveries

Royal Air Maroc (RAM), Morocco's national airline, has bolstered its fleet with the arrival of a new Boeing 737 MAX 8, delivered on July 15. This move is part of an ambitious modernization plan aimed at enhancing the carrier’s capacity and global reach. Expanding the fleet The delivery flight,......