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    January 21, 2021

    AfDB: Morocco Joins Bloomberg African Bond Index ABABI

    Morocco has joined the Bloomberg African Bond Index (ABABI), launched in 2015 by the African Development Bank (AfDB) and global index provider Bloomberg.

    The ABABI is a tool that allows investors to measure and"...

    January 20, 2021

    Morocco Joins African Development Bank's Bloomberg Bond Index

    Abidjan - The African Development Bank (AfDB) has announced the addition of Morocco and Mauritius to its Bloomberg African Bond Indices (ABABI), marking 'a steady progress in the Bank's efforts to deepen the continent’s local currency bond market.'

    The"...

    January 19, 2021

    Bank of America Reports Fourth-Quarter 2020 Financial Results

    Bank of America reported its fourth-quarter 2020 financial results today. The news release, supplemental filing and investor presentation can be accessed in the following ways:

    Bank of America newsroom at https://newsroom.bankofamerica.com"...

    January 14, 2021

    Citi Unifies Global Wealth Management Business

    Citi announced today that it has created a single wealth management organization, Citi Global Wealth, unifying wealth management teams in Global Consumer Banking (GCB) and the Institutional Clients Group (ICG). Citi Global Wealth is a single, integrated platform serving clients across the"...

    January 12, 2021

    World Bank Forecasts Morocco’s Economic Growth to Reach 4% in 2021

    Rabat – The World Bank forecasts a 4% growth in Morocco’s economy this year thanks to an increase in agricultural production.

    Moroccan state media reported the World Bank’s forecast on January"...

    January 11, 2021

    Bank Al-Maghrib: Moroccan Dirham Appreciated Against Dollar, Euro

    Rabat- Morocco central bank,Bank Al-Maghrib(BAM), has revealed that the Moroccan dirham appreciated by 0.91% against the euro and by 1.44% against the US dollar during the period from December 31, 2020, to January 6, 2021.

    During"...

    January 11, 2021

    Bank Al-Maghrib: Moroccan Dirham Appreciated Against Dollar, Euro

    Rabat - Morocco's official reserve assets amounted to 320.9 billion dirhams until December 31, 2020, up by 26.7% compared to the same period in 2019, Morocco's central bank (Bank Al-Maghrib) has said.

    During"...

    January 7, 2021

    Bank Al Maghrib Underscores Morocco’s Financial System Resilience

    Rabat – Morocco’s central bank, Bank Al-Maghrib, has commended the resilience the Moroccan financial system showed between 2007 and 2018.

    The bank said that the index detected a period of moderate"...

    January 6, 2021

    Prompt Response of Moroccan Authorities Helped Contain Fallout from Pandemic (IMF)

    Washington - The prompt response of the Moroccan authorities has helped contain the fallout from the pandemic, said the International Monetary Fund (IMF) after concluding the Article IV consultation with Morocco for the year 2020.

    'The"...

    January 6, 2021

    EU Investment Bank Approves €85 Million Loan to Morocco’s Highways Company

    Agadir – The board of directors of the Moroccan Company of Highways (ADM) recently convened and approved a financing contract for a loan worth €85 Million (MAD 893 million) with the European Investment Bank (EIB).

    The"...

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