Research & Analysis

An increase in activity, driven by power costs. At the end of Q1-21, TAQA Morocco recorded a consolidated revenue of MAD 1,912 Mn against MAD 1,883 Mn a year earlier, i.e. an increase of 1.5%.

Commercial achievements in line with our initial expectations. Total Maroc's operational achievements in 2020 are in line with our forecasts (Cf. Start 2021 under the cash-conversion perspective). 

The dollar appreciates for the 1st time since April. While the European currency experienced a bullish trend throughout April, the latter fell this week against the dollar by -0.64% to 1.202 from 1.210 a week earlier.

Despite the decline in Maroc Telecom's 2021 quarterly results, they remain in line with our annual growth forecasts.

The vaccination effort in Europe supports the euro The euro continued its bullish rally during the last week, showing a gain of + 0.95% against the dollar.

Find the evolutions of activity index in casablanca MASI, MADEX, CAPI as well as the main daily performances of april 28th, 2021.

EGYPT : ISSUANCES ARE MULTIPLYING ... WITHOUT LOSING THEIR ATTRACTIVENESS Egypt has just successfully issued its first Eurobond in 2021. Used to this channel for its debt raising, Egypt has achieved its 13th Eurobond issuance since 2010.

This week, the European currency continued its bullish rally supported by the visible improvement in the health situation within the Eurozone.

During this week, the dollar traded downward against its main counterparts. To this end, the EUR/USD parity appreciated by + 1.19%, going from 1.176 to 1.190.