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Morocco’s investment fund partners with IFC to boost sustainable infrastructure

Morocco’s Mohammed VI Investment Fund and the International Finance Corporation (IFC), a member of the World Bank Group, signed a partnership agreement on Tuesday to identify and finance sustainable infrastructure projects in the North African country. The agreement aims to support high-impact infrastructure projects in strategic sectors such as renewable energy, water, transport and logistics, […]

Al Baraka Group Sells its Stakes in BTI to Moroccan Bank of Africa

Bahrain’s Al Baraka Group (ABG), one of the major Islamic banking and financing institutions, announced on Monday that it is exiting from two of its subsidiaries, Bank Al-Tamweel Wa Al-Inma (BTI) in Morocco and Itqan Capital, an investment company in Saudi Arabia. Its 43.6 pc stake in BTI will be sold to Moroccan Bank of […]

Libya: Islamic State follows Tobruk’s footsteps and calls for reinforcement

As clashes of government troops in Libya against the Islamic State (IS) militants continue, a video has been released by the extremist group calling for more militants to join them in Libya. Last week, the Tobruk based-government requested brother Arab countries to help it fight the group but the rival government in Tripoli warned that […]