INSEAD Day 4 - 728x90

Sanad posts record revenue

Growth driven by global demand for services.

Bank of Sharjah profit up 39%

Bank's total assets grow 10% to $14.4 billion.

DIB H1 net profit $1bn

Gross revenue increased 10% year on year

SIB H1 profit up 15.3%

Total operating income rises 20.5 percent.

flydubai Aleppo flights resumed

The flights were resumed after nearly 14 years.

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.