Moroccan banks continue to show resilience despite challenging global and domestic macro-economic conditions, Fitch Ratings says in a new report focusing on the country’s seven largest banks. Banks have built up healthy provisions buffers since 2020 and are well-placed for a continued recovery in profitability in 2024 amid rising interest rates, says the rating agency. […]
According to a report published by Ernst & Young’s Global Islamic Banker of Excellence, global demand for Islamic bonds could triple to $900bn by 2017. This expected rise is partly driven by the fact that conventional investors look to securities backed by tangible assets. South East Asian economies, especially Malaysia is pushing to play the […]
Egypt’s Health Minister Khaled Abdel Ghaffar and his Portuguese counterpart Manuel Pizarro signed Thursday a cooperation protocol to upgrade health and pharmaceutical sectors, Egypt Independent reports. There are no details about the agreement but Ghaffar reportedly indicated that the visit of his Portuguese counterpart and his delegation aims at deepening the partnership and cooperation in […]
