Masar signs $82m land deal

Agreements signed with Abdulmohsin Al Rossais & Sons Group.

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

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.