Posts Tagged ‘banking’

Business Brief: Major 3D Printing Facility Launched; Islamic Banking Expands, and Housing Developers Make Money by Doing Good in Social Housing; Casablanca Finance City Adds Well-known Tenant

Jean R. AbiNader, MATIC September 14, 2017 Great news for Moroccan manufacturing as it adds a cross-sector capability in 3D printing. Bahrain’s Al Baraka sets its sights on Morocco’s Islamic banking sector, while the impact of social housing construction benefits both companies and needy families, thanks to government incentives. Thales makes an impression. Thales, a leading French electronics, technology, and IT corporation released information on the inauguration of its first industrial ...

Morocco To Have First Full Islamic Banking Institution By October | Bernama

Morocco takes another step in establishing itself as a regional finance hub: Morocco is poised to have its first fully-fledged Islamic banking institution by October this year and is the only North African country rated investment grade seeking to tap the US$1.8 trillion industry. In a statement today, the Finance Accreditation Agency (FAA) said it had the opportunity to work closely with the Moroccan government to introduce a sustainable framework, ...

‘I don’t want a bank account because my neighbors will think I’m rich’ | The Guardian

Moroccan banks have gained both notoriety and market share by catering services to people across Africa who have been ignored by other banks. The Director-General of one of Morocco’s largest banks writes about how this effort can sometimes run into surprising social stigmas: In 2008, when my company, Attijariwafa Bank, the largest financial institution in Morocco, looked to address one of the most underserved areas in retail banking in the ...

AfDB Awards Moroccan Bank, Reports Mail & Guardian Africa

In an article looking at where to invest in Africa, Mail and Guardian Africa writes: In June this year continental development lender African Development Bank (AfDB) awarded the prize for “Best African Bank” to Groupe Banque Populaire, Morocco. Beating stiff competition the group shows aggressive planning and strategy, hungry for expansion, but with limited risks. GBP Morocco demonstrated pragmatism when acquiring two market leaders in leasing services (Maroc Leasing and ...

Financial Services Tie Morocco Closer to Africa – Jean R. AbiNader

Casablanca Finance City and Attijariwafa Bank Grow Regional Roles Jean R. AbiNader, MATIC May 8, 2015 As the recent IMF/World Bank meetings in Washington, DC demonstrated, regional banking and investment powerhouses in Africa and Asia are increasingly important players in the world’s financial sector. Similarly, Morocco’s success in regional banking over the past decade reflects its commitment to regional economic integration and growing its own industry to global standards. Recently, ...
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