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  • The Moroccan economy in brief of 18/02/2017: FAO will continue to develop its cooperation with Morocco

The Moroccan economy in brief of 18/02/2017: FAO will continue to develop its cooperation with Morocco

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1. The new hedging instruments to be announced by the Exchange Office: "Expected changes in the hedging of financial risks, including those related to exchange rate fluctuations. ) 2017, prepared by the Foreign Exchange Office, in consultation with the other actors, including BAM and the Ministry of Finance, brings new measures to the benefit of operators, at a time when the 2013 version of this regulation , which is still in force, introduces the principle of back-to-back transaction-by-transaction, the new framework of foreign exchange transactions retains the backing of the activity of the person benefiting from the hedge, excluding any speculative operation. , Hedging transactions may henceforth result in the offsetting of positions arising from these transactions, which is not currently permitted ".


2. Strong and profitable growth in 2016: "For the 9th consecutive year, Wafa Assurance has reinforced its leadership in the Moroccan market, with a strong increase of 14.2% to 7.314 billion Dirhams and a net result Up 5.2% to 841 million Dirham, the subsidiary of the Attijariwafa bank group achieved solid and profitable growth in 2016. According to the top management of the company, which expressed in Casablanca in the 17th of February in the occasion of the presentation of the annual results, these achievements are in line with the objectives of the Oufouq 2018 strategic plan.


3. The Bombardier Group expects to adjust its incomes in 2017: "The Bombardier Group posted a consolidated result and a cash performance that exceeded its expectations in 2016. For this year, the Group reaffirms its ambitions and is well on its way to achieving all of 2018 and 2020. The Bombardier Group posted a solid fourth quarter, reinforcing its annual performance. "In 2016, we achieved milestones in our programs and positioned the company to achieve all the financial aims of our five-year recovery plan, including the neutral free cash flow in 2018 ", welcomed its President and CEO, Alain Bellemare.


4. FAO will continue to develop its cooperation with Morocco: "The United Nations Food and Agriculture Organization (FAO) will continue to develop its cooperation with Morocco particularly for the implementation of the Halieutis plan, "Its representative in Morocco, Mr. Michael George Hage, spoke at the opening of the conference cycle on the sidelines of the fourth edition of the Halieutis International Fair in Agadir. And to maintain collaboration between FAO and the Kingdom and to continue to support the implementation of the national fisheries plan ".


5. Five Moroccan insurance companies at FANAF: "The General Assembly of the Federation of Insurance Companies under African National Law (FANAF) has accepted, in Marrakech on Friday, applications for membership formulated by 10 companies, African insurance companies, including five Moroccans, as well as Axa Assurance Morocco, Moroccan Life, Saham Assurance Morocco, Sanad Assurance Maroc and Wafa Ima Assistance Maroc, said FANAF in the closing resolutions of its 41st General Assembly, Held under the High Patronage of His Majesty the King Mohammed VI ".

 

Crédit : IMPERIUM MEDIA

 

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