Crédit Immobilier et Hôtelier (CIH Bank) has launched the call for expressions of interest (AMI) for the sale of three hotel establishments intended for tourism projects.
While the Office of Exchange says it has undertaken a reform to simplify the regime of tourist allowances for all stakeholders, including banks, it has been found that the new regime is detrimental to many Moroccans traveling abroad.
A former director of a bank agency in Ouezzane, accused of embezzlement, was placed in detention on the order of the investigating judge of the criminal chamber in charge of financial crimes at the Rabat Court of Appeal.
The final tests are underway to allow instant receipt of bank transfers for individuals and businesses in Morocco. The general deployment of this system is planned for early 2023.
On Wednesday evening, payments by Moroccan bank cards on the internet experienced significant disruptions. This failure would be due to a computer failure of the National Switch.
In order to broaden the tax base, the government is considering taking new measures towards companies in the financial sector. Thus, from 2026, banks must bear a rate of 40% on their profits and pay an additional 5% for the social solidarity contribution.
The BCP Group has strengthened its activities in the United Arab Emirates with the launch of new banking operations dedicated to Moroccans living abroad. The objective is to encourage their investments in Morocco.
The Moroccan government has just signed a loan agreement for an amount of 95 million euros with the Spanish bank Santander to finance the construction of a patrol vessel by the Spanish company Navantia.
In Morocco, the Directorate General of Taxes (DGI) continues to track down "bad taxpayers". It has recently launched a vast operation to control and verify bank accounts.
Moroccans must beware of companies that illegally collect money from the public by promising exceptional returns. Here is a reminder from Bank Al-Maghrib (BAM) and the Moroccan Capital Market Authority (AMMC) warning against a fraudulent "Ponzi" scheme.
Morocco is among the Arab countries that have invested the most in Egypt. This is indicated by data from the country’s central bank.
Caixabank will not open an investigation and will not provide explanations on the insurance fraud perpetrated between 2013 and 2019 against Moroccan seasonal workers participating in the red fruit campaigns in Huelva.