Authorities overseeing the Egyptian General Petroleum Corporation (EGPC) are considering the conversion of their debts of more than $5 billion into bonds. The idea came as proposals and discussions with the Egyptian Central Bank to scrutinize it have resulted in a positive outcome. These debts are owed to foreign oil companies operating in the country. […]
Two of Morocco’s leading banking groups, Banque Centrale Populaire and Attijariwafa Bank, have signed partnership agreements with Japanese banking institutions, on the sidelines of the 7th Tokyo International Conference on African Development (TICAD-VII), currently held in Yokohama. Thus, Banque Centrale Populaire, BCP, and Japan’s second largest banking group Sumitomo Mitsui Banking Corporation (SMBC) signed, on […]
Casablanca Finance City (CFC) has leapt four places in the Global Financial Centers Index 24 (GFCI24) taking the 28th position. CFC outperformed Seoul, Taipei and Doha ranking the fourth best financial hub in the MENA region behind Dubai, Tel Aviv and Abu Dhabi. At the international level, New York has overtaken London as the world’s […]
