Bank Al-Maghrib, Morocco’s central bank, has decided to hold interest rates steady, contrary to the forecasts of many analysts who were expecting a hike of rates following the coronavirus pandemic, rainfall shortage and the Russia-Ukraine war. During its first meeting for the year 2022, the Board of Directors of the Bank decided to keep unchanged […]
Libya has successfully conducted over the weekend long-delayed municipal elections in seven north-western municipalities—Zawiya Markaz, Zawiya Wassat, Zawya Gharb, Zawya Chamal, Sabrata, Sormane, and Bir Ghnam—following a week-long postponement triggered by an attack on election commission facilities in Zawiya. The High National Election Commission confirmed the polls took place on Saturday, building on earlier phases […]
Egypt’s Financial Regulatory Authority’s (FRA) has launched the country’s first gold investment and first ever minerals investment Fund. The fund is part of the FRA’s plans to support the government’s efforts to boost financial and investment inclusion and develop an inclusive non-banking financial sector with a catalytic role in enhancing the economy, Arab Finance reports. […]
