Former minister Mohammed Moubdii was sentenced Thursday to 13 years in prison for embezzlement of public funds. The Casablanca Court of Appeal also imposed a heavy fine in favor of the municipality of Fkih Bensalah.
As Eid Al-Adha approaches, the government plans to advance the payment of May 2026 salaries to public sector employees. A customary measure designed to ease household budgets during the holiday preparations.
Moroccans residing abroad can open a currency account or convertible dirham account in Morocco . A practical tool for receiving transfers, holding funds in foreign currency and making payments, but its use remains governed by precise rules.
Born in Casablanca, trader Hamza Lemssouguer now heads Arini Capital, a fund managing $20 billion in London. His meteoric rise, built on bold choices, makes him a key figure in global finance.
Morocco has joined an international coalition of countries committed to diversifying the financing of civil nuclear energy. This initiative aims to triple global capacity by 2050 to accelerate the decarbonization of economies.
According to Justice Department documents, Charles Schwab transferred $27.7 million for Jeffrey Epstein to Morocco in 2019 . The funds were intended to purchase a palace in Marrakech just days before the financier’s incarceration.
Morocco announced on Thursday an emergency fund of 3 billion dirhams (276 million euros) to support the victims of the devastating floods in the northwest of the country , where historic rains have submerged villages and farmland.
Businessman Patrick Drahi has orchestrated a bold plan for the sale of SFR. Faced with a debt of 24 billion euros, he has obtained a historic agreement with his creditors.
Since March 2023, Morocco has no longer made an incursion into the regional financial market. Nadia Fettah, Minister of Economy and Finance, mentions the possibility of its return to this market.
According to the ranking of an American financial news site, Morocco is among the 20 most indebted countries to the International Monetary Fund (IMF).
Launched in 2020 on royal instructions, the Mohammed VI Investment Fund will be strengthened to finance certain major projects, according to the Delegate Minister in charge of Investment, Convergence and Evaluation of Public Policies, Mohcine Jazouli.
The British company Predator Oil & Gas operating in Morocco, Trinidad and Ireland plans to raise 3.3 million pounds sterling by issuing 60 million new shares at a discount.