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    BANKING

    August 11, 2022

    BCP Launches SWIPE, First Banking Service for Teenagers

    Casablanca - Morocco’s Banque Centrale Populaire (BCP) has launched SWIPE, the first banking service of its sort in the country reserved for 12-17-year olds that seeks to reinvent the notion of pocket money through an application and a personalized bank card.

    Innovative,"...

    August 8, 2022

    Moroccan Dirham Remains Stable Against US Dollar

    Rabat - After weeks of deteriorating value against the US dollar, Morocco’s national currency MAD maintained the same exchange value against the dollar between July 28 and August 3, according to data from Morocco’s central bank, Bank Al-Maghrib (BAM).

    "...

    August 5, 2022

    ONDA Opens Tender for New Face ID Recognition System in Rabat Airport

    Laayoune - Morocco’s National Airports Office (ONDA) intends to install a new facial ID recognition system in Rabat-Sale’s international airport.

    ONDA has launched a tender to attract potential suppliers"...

    August 4, 2022

    Attijariwafa Bank Finances EMEA Solar Energy Plant in Morocco’s Tangier

    Rabat - AMEA Power, a Dubai-based clean power producer, said yesterday that its most recent green energy venture in Morocco is financed by Attijariwafa bank, the country’s largest banking group.

    In collaboration"...

    August 3, 2022

    SINOVAC COVID-19 Vaccine Approved for Use in Children Above 6 months of Age in Hong Kong

    Sinovac Biotech Ltd. (“SINOVAC” or the “Company”) (NASDAQ: SVA), a leading provider of biopharmaceutical products in China, announced that based on related clinical trials and studies of vaccination for local children and adolescents, the Health Bureau of the Government"...

    August 2, 2022

    MAD 1.1 Million Fake Banknotes Were in Circulation in Morocco in 2021

    Rabat - A total of 7,372 fake banknotes amounting to MAD 1.1 Million ($107,277) were in circulation in Morocco in 2021, according to official data from Morocco’s central bank, Bank Al-Maghrib (BAM).

    BAM"...

    August 1, 2022

    Central Bank: Morocco Needs ‘Shift’ in Public Policies to Address Water Scarcity

    Rabat - Morocco needs a “paradigm shift” in public policies to boost climate resilience and shield the country against the exponential threat of climate change on the national economy, according to a recent publication by the country’s central bank, Bank Al-Maghrib (BAM).

    "...

    August 1, 2022

    Bank Al-Maghrib Launches Financial Research Award

    Rabat - Morocco’s central bank, Bank Al-Maghrib (BAM), launched on Friday the first edition of an award dedicated to research in economic and financial research.

    The prize aims to support scientific research"...

    August 1, 2022

    Central Bank Satisfied With Morocco’s Economy Performance Amid Global Crises

    Rabat - Abdellatif Jouahri, the governor of Bank Al Maghrib (BAM), Morocco’s central bank, has expressed satisfaction with the country’s efforts to mitigate the economic crisis triggered by COVID-19 and the repercussions of the Ukraine-Russia conflict.

    The"...

    August 1, 2022

    Bank Al-Maghrib: Morocco’s Consumer Debt Rose by 5.3% in 2021

    Rabat - A joint report on financial stability by Morocco’s central bank Bank Al-Maghrib (BAM) and other watchdogs of the Moroccan economy has found that the country’s consumer debt rose by an annual average of 5.3% at the end of 2021.

    Consumer"...

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