european

Algeria’s Foreign Exchange Reserves to Drop to $85 bln by End 2018

Imports continue to drain Algeria’s foreign exchange reserves, which are expected to end 2018 with $85 billion as the country reels under the drop in oil revenues. Reserves were at $90 billion by the end of May, almost less than half the $190 billion reserves registered in end 2014 prior to the oil price slump. […]

Moroccan philanthropists Othman & Leila Benjelloun granted Middle East Institute Visionary Award

Othman Benjelloun and his wife Leila Mezian Benjelloun, co-chairs of the BMCE Bank Foundation, were granted the “Visionary Award” bestowed by the Washington-based Middle East Institute to individuals or organizations in recognition for their outstanding work in the region. Othman Benjelloun, founder of the BMCE Bank Foundation, and his wife, Leila Mezian Benjelloun, President of […]

Morocco’s Banks & National Police join forces against fraudsters

Morocco’s National Police, Central Bank, the National Data Protection Authority and the Banks Association agreed to use an authentication system to secure online banking services against fraudsters and Identity theft. Developed by the security services, this system will enable bankers to verify the identity of clients wishing to access online banking services or in branch, […]