IMF and WB urge Algeria diversification

Algeria has been urged to diversify its economy which is heavily based on revenues generated from oil exports. This remark was made during the periodic assessments of the Algerian economy in the current year which has just a few days to go. The International Monetary Fund (IMF) and World Bank (WB) did show their satisfaction […]

Tunisia: LPR dissolved before elections, Opposition satisfied

A Tunisian court has decided to dissolve the League for the Protection of the Revolution (LPR) ahead of the upcoming elections. The group is considered as a vigilante group that has associated itself with violence. The decision is welcomed by the opposition and the powerful workers union UGTT. Its headquarters and 20 branches across the […]

Al Baraka Group Sells its Stakes in BTI to Moroccan Bank of Africa

Bahrain’s Al Baraka Group (ABG), one of the major Islamic banking and financing institutions, announced on Monday that it is exiting from two of its subsidiaries, Bank Al-Tamweel Wa Al-Inma (BTI) in Morocco and Itqan Capital, an investment company in Saudi Arabia. Its 43.6 pc stake in BTI will be sold to Moroccan Bank of […]