Algeria Struggles to Catch up with Neighbors on Islamic Finance

Battered by the oil price slump, the underdeveloped banking sector in Algeria sees new financing sources in Islamic finance to tap into the huge informal economy and catch up with Morocco and Tunisia, which have already allowed such participatory banks to operate. As it edges towards offering banking services to suit more religiously conservative investors, […]

UN: African Atlantic States to Meet in Morocco in Q1 of 2023

The African Atlantic countries have decided to hold their next ministerial meeting in Rabat during the first quarter of 2023 to discuss the efforts made to build an African zone of peace, stability and shared prosperity. The decision was made in New York during a meeting chaired by Moroccan foreign minister Nasser Bourita on the […]

US, Morocco to hold joint multi-lateral exercise

The United States and Morocco are to hold later this month a joint multi-lateral exercise dubbed “Exercise African Lion-13” that will involve more than 1,400 U.S. service members and approximately 900 members of the Moroccan Royal Armed Forces, announced the US Africa Command (Africom). The two countries’ servicemen will conduct military-to-military engagements in various exercises […]