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Luberef net profit falls 7% in Q1

A fall in by-products sales leads to profit dip.

SABIC net loss $322 million

The company's net profit was $66m in Q1 2024

PureHealth posts $137m Q1 net profit

The Group's revenue increased 8 percent YoY.

Borouge Q1 net profit $281 million

The total dividend paid to shareholders in 2024 $1.3bn.

Emirates expects first 777X delivery in H2 2026

Boeing had pushed back the first delivery to 2026 from 2025.

Morocco’s official reserve assets reach $33.39 billion on 1 Apr

A worker spreads rose petals outside a house in the city of Kelaat Mgouna (or Tighremt NImgunen) in Morocco's central Tinghir Province. (AFP)
  • During the week of April 7-13, 2022, the Dirham depreciated by 1.06 percent against the US Dollar and by 0.16 percent against the Euro.
  • On the interbank market, the average daily volume of trade stood at 4.2 billion Dirhams while the interbank rate stood at 1.5 percent on average.

Morocco’s official reserve assets amounted to 329.1 billion ($33.39 billion) Dirhams on 1 April 2022, up by 8.2 percent compared to the same period in 2021, Morocco’s central bank (Bank Al-Maghrib) has said.

During the week of April 7-13, 2022, the Dirham depreciated by 1.06 percent against the US Dollar and by 0.16 percent against the Euro, according to BAM’s weekly indicators bulletin.

Bank Al-Maghrib injected 48.2 billion Dirhams, according to the same source

On the interbank market, the average daily volume of trade stood at 4.2 billion Dirhams while the interbank rate stood at 1.5 percent on average.

On the stock market, the Moroccan All Shares Index  increased by 0.6 percent, bringing its performance since the start of the year to 2.9 percent. The overall volume of trade amounted to 830.4 million Dirhams.

The average daily volume on the central stock market reached 150.1 million Dirhams against 76 million a week before.