Morocco minister sentenced 13 years embezzlement scandal
22 May 2026
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 (…)
Funds
Morocco Civil Servants Early Salary Payment Eid Al-Adha 2026
13 May 2026
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 (…)
Bank accounts for MREs: watch out for foreign currency deposit rules
6 May 2026
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 (…)
Hamza Lemssouguer: The Moroccan Worth $20 Billion
11 April 2026
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 (…)
Morocco joins the global race for civil nuclear power
11 March 2026
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 (…)
Jeffrey Epstein, Morocco Palace and $27.7 Million Transfer Before Arrest
20 February 2026
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 (…)
Historic rains in Morocco: 110,000 hectares submerged and 276 million euros to rebuild
12 February 2026
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 (…)
Drahi’s Masterstroke: SFR Sale Looms as €24 Billion Debt Slashed in Historic Deal
5 July 2025
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.
Morocco Considers Return to International Financial Markets, Minister Says
24 May 2024
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 (…)
Morocco Ranks 17th Among Top IMF Debtors with $1.34 Billion Outstanding
2 April 2024
According to the ranking of an American financial news site, Morocco is among the 20 most indebted countries to the International Monetary Fund (IMF).