00 days
00 hours
00 mins
00 secs
Special offer: -15%15% OFF your subscription
Consult our offers
Your account has been succesfully created.
EN FR
Scroll through edition

Israel, Morocco
Al Mada, Providence... royal companies shun first business mission to Tel Aviv

Read this article in our running story
“Makhzen Inc. or the ever more prosperous business empire of Mohammed VI's entourage”
Morocco

Makhzen Inc. or the ever more prosperous business empire of Mohammed VI's entourage

Mohammed VI's private holding company Al Mada is not the only one of its kind! Although Al Mada plays an ever more important role in the Moroccan economy, other members of the royal family are battling for leading roles in an increasing number of different economic sectors, including property, tourism, higher education and even aviation. The king's private secretary, Mounir el-Majidi, who also heads Al Mada, is notmissing out either. He has built up a little telecommunications empire, while members of his clan have gone into construction and security, often as sub-contractors to the companies of the royal family. [...]
None of the leading Moroccan groups owned by royal holding company Al Mada took part in the first business mission to Israel organised by the CGEM, indicating that the crisis between the employers' body and the Palace is not yet over. [...]
Reading time 2 minutes
Read this article in our running story
“Makhzen Inc. or the ever more prosperous business empire of Mohammed VI's entourage”
Morocco

Makhzen Inc. or the ever more prosperous business empire of Mohammed VI's entourage

Mohammed VI's private holding company Al Mada is not the only one of its kind! Although Al Mada plays an ever more important role in the Moroccan economy, other members of the royal family are battling for leading roles in an increasing number of different economic sectors, including property, tourism, higher education and even aviation. The king's private secretary, Mounir el-Majidi, who also heads Al Mada, is notmissing out either. He has built up a little telecommunications empire, while members of his clan have gone into construction and security, often as sub-contractors to the companies of the royal family. [...]

15% OFF your subscription

Special offer: Only 8d and 0h to take advantage of it

Consult our offers

This offer is open to all new subscribers and runs until 19/12/2025

Related topics to this article

Read also

Morocco
From Ritz-Carlton to Namaskar, cracks appear in Zenagui clan's luxury hotel empire

Ex-tourism minister Yassir Zenagui and his brothers are struggling to achieve their grand ambitions in the luxury tourism sector and could even end up losing the Ritz-Carlton overlooking the royal golf course in Rabat. Though he remains an adviser to Mohammed VI, Zenagui's star at the palace has faded.

LogoSubscribers only Business 12.05.2022
Namaskar palace, Marrakesh.

In Focus | Africa, Morocco
Banking magnate Othman Benjelloun settles his succession in Casablanca and Luxembourg

Othman Benjelloun, chairman and CEO of BMCE Bank of Africa, has completed the reorganisation of his holding company O Capital, with its twin head offices in Morocco and Luxembourg. The handover of his fortune to his heirs has been settled but the future of his bank, the group's flagship, remains uncertain.

LogoSubscribers only Finance, Business 14.03.2022
BMCE Bank of Africa boss Othman Benjelloun.

15% OFF your subscription

Special offer: Only 8d and 0h to take advantage of it

Consult our offers

This offer is open to all new subscribers and runs until 19/12/2025

Related topics to this article

  1.  Home  
  2.  North Africa 
  3.  Al Mada, Providence... royal companies shun first business mission to Tel Aviv 
Business

Sign up for real-time alerts and be notified of new editions!  

Once registered, you will be notified by a short message on your computer or mobile phone as soon as a new edition of our publication or an alert is published. Stay informed anytime, anywhere!