What are the main trends in the local sector?
In 2018 Morocco implemented the ninth International Financial Reporting Standard (IFRS) standard, effectively replacing the previous accounting regime. The new system covers three main topics: the classification and valuation of financial instruments, the impairment of financial assets and the hedging of accounts.
The industrial segment in Morocco is one of the country’s main earners of foreign currency, due in large part to its export orientation. This is important because Morocco’s economy continues to grow its trade imbalance. According to Bank Al Maghrib, the central bank, exports stand at Dh201.5bn (€18.1bn) while imports are markedly higher,...
Could Casablanca become a regional hub for insurance and financial services in the near future?
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