1. Génerescence Business Connexion: Tangier Hosts the Caravan at Technopark on Thursday: "No fewer than 100 economic actors from Tangier-Tetouan Region are expected. National road-show business catalyst between regional companies and gateway with networks and accompanying structures, "Génerescence Business Connexion" arrives in the North with a thematic focus on the three major issues that are typically faced by domestic enterprises, not to say regional: "Regional Enterprises: Performance, Access to Finance, and Export."
2. LGV Project: Kuwaiti Fund Grants Morocco a Loan of 474 Million Dirhams: "The Kingdom and the Kuwaiti Fund for Arab economic development signed on Tuesday, July 25, two conventions on the financing of the second tranche of this major project which aims to create "a modern rail transport system and to accompany the growing traffic, particularly at the level of Tangiers-Casablanca axis," indicates Mohamed Bousaïd, the Minister of Economy and Finance."
3. BAM Takes Stock on Credit Institutions in Morocco: "Bank Al Maghrib organized, Thursday, July 20, a press conference to present its annual report on banking supervision for the financial year 2016. This report, which is at its 13th edition, takes stock of the structure, activity, and profitability of credit institutions for the year 2016. It also deals with the evolution of risks by banks and major advances in the banking sector on the regulatory level."
4. Will Participatory Banks Take Risks Without Takaful? : "Would participatory banks have put the cart before the horse? While the ecosystem of participatory finance is still not complete, they announced the effective start of their activity, upon receipt of the standard account agreement and the Mourabaha contract model. These two documents have been approved by Shariah Committee for Participatory Finance (CSFP) of Ulema Higher Council (CSO) and transmitted by Bank-Al Maghrib to banks via their professional association. However, these standard contracts "will only allow participatory banks to activate core operations, namely the opening of demand accounts, deposits, and withdrawals, essentially," says a source close to the file that requested anonymity."
5. Approval of 17 Agreements Binding Morocco to AU and African Countries: "The Chamber Representatives has unanimously approved, on Monday, 17 agreements binding Morocco to the African Union (AU) and several countries in the continent and addressing various fields, particularly of an economic nature. Speaking during the plenary session devoted to the examination and voting of these conventions, the Minister of Foreign Affairs and International Cooperation, Nasser Bourita, indicated that among the approved conventions, three concern AU and come to consecrate the return of Morocco to its institutional family. They concern the Peace and Security Council, the African Parliament, and the Treaty establishing the African Economic Community, which are major bodies within the AU and are of great importance for the defense of the Kingdom’s interests, including the issue of the Moroccan Sahara," Mr. Bourita explained."
Crédit : IMPERIUM MEDIA
