ECONOMY

IOSCO announced today the launch of a dedicated network to support the adoption and other use of IFRS Sustainability Disclosure Standards (ISSB Standards), with the support of the International Sustainability Standards Board (ISSB). The Network will start with a group of 32 IOSCO members of its Growth and Emerging Markets (GEM) Committee, representing 31 jurisdictions….

The Mogador touristic resort, launched in 2004 by H.M. King Mohammed VI, is entering a new phase with the signing of a strategic agreement related to Essaouira Mogador Development Company (SAEMOG). This agreement will enable the revival of this iconic destination and contribute to the expansion of the touristic offering in the Essaouira region, thus…

Africa Specialty Risks (ASR), the pan-African and Middle East focused (re)insurance group, announces the appointment of Aurélien Sauty to lead its new Marine and Aviation capacity, as Head of Marine and Aviation. Aurélien, based in ASR’s Dubai office, brings over 16 years’ experience in the insurance industry, with a robust background in both the marine…

Africa Specialty Risks (ASR), the pan-African and Middle East focused (re)insurance group, is pleased to announce that Fitch Ratings has assigned a BBB+ long term insurance financial (IFS) rating with a positive outlook to ASR Re Limited (ASR Re). Fitch’s rating reflects ASR Re’s very strong capitalisation and low leverage. The positive outlook reflects ASR…

   The international ride-hailing service Yango, part of the global technology company Yango Group, arrived in the cities of Rabat and Tangier. This launch comes after Yango earlier launched in Casablanca in April 2023.  Starting this month, residents of the two largest cities in Morocco have been able to download the app and choose one…

Ciments du Maroc, as a citizen institution in Morocco, has succeeded in engaging in the campaigns of the Mohammed VI Foundation for Environmental Protection, where the sustainable eco-village “Saifak” participated in the “Sea Without Plastic” campaign by launching a set of educational and recreational activities through individual and group games, such as games made from…

beIN MEDIA GROUP (‘beIN’), has signed a deal extending its LALIGA broadcast rights, which will see the Group’s flagship sports channel, beIN SPORTS, remain the home of Spanish football in 34 markets across the Middle East and North Africa (MENA) and Asia-Pacific (APAC) until the end of the 2027-28 season and 2026-27 season respectively.beIN has…

Aramex, a global leader in logistics and transportation solutions, has announced the opening of three new branches in Morocco, strategically located in Kenitra, Essaouira, and Beni Mellal. This expansion brings the total number of Aramex branches in the Kingdom of Morocco to 20, significantly enhancing the company’s capacity to serve a broader spectrum of domestic…

On the sidelines of the 2024 edition of the International Africa DevelopmentForum, Attijariwafa bank Group and the Moroccan Agency for Investment and ExportDevelopment (AMDIE) signed a partnership agreement aimed at promoting the InvestmentCharter, supporting investors in Morocco, and assisting exporters.This agreement results from the Royal High Instructions aimed at establishing a new, morecompetitive investment charter…

On June 14, 2024, BYD successfully hosted the launch event for its new Seal U DM-i model at its showroom in Casablanca, Morocco. This innovative plug-in hybrid SUV has captured the attention of the Moroccan market with its outstanding performance and eco-friendly features. The BYD Seal U DM-i model is not only captivating in its…