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‘Wadeem’ sold out for $1.49bn

This is the highest Abu Dhabi real-estate release to date.

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

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.