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Morocco to Launch Gradual Dirham Float on January 15

The long awaited launch of the flexible exchange rate system for the Dirham currency will start on January 15 after it was postponed for 5 months. The gradual Dirham float will start with an anchor of 2.5% in-stead of 0.3% currently, while fixing the Dirham exchange rate via a peg that is 60 percent weighted […]

Bayt Mal Al-Qods Acharif Agency Hosts Iftar in Holy City

Bayt Mal Al-Qods Acharif Agency organized a Ramadan iftar on Friday evening in Al-Quds that was attended by several prominent figures from the city, Muslim and Christian religious leaders, and representatives from institutions and civil society organizations. Notable participants in this iftar, hosted by the agency’s managing director Mohamed Salem Cherkaoui, included Adnan Al-Husseini, member […]

Egypt back to state emergency

Egyptian President Abdel Fatah al-Sisi Sunday declared three month state of emergency following two terrorist deadly attacks on Coptic churches in Alexandria and Tanta. Both attacks were claimed by the Islamic State group. The decision will be introduced to the parliament before approval which is to be made within a week. The Egyptian President convened […]