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KSA: BinDawood takes majority stakes in French company Ykone

Saudi Arabian retailer BinDawood Holding has acquired 80.5% stake in Paris-based marketing agency Ykone through its wholly owned subsidiary Future Technology Retail (FTR), Zawya reports. BinDawood Holding in a statement said the transaction is part of the company’s strategy to boost its e-commerce presence. “The Middle East’s influencer marketing industry is growing exponentially. This investment […]

Son of Algerian Communication Minister arrested for alleged drug trafficking

Algerian anti-drug security forces have detained the son of government spokesman and communication minister Amar Belhimer, for alleged possession of drugs, Algerie Part reports.   The media, citing security sources who asked not to be named, has not mentioned the name of the son but said that he was arrested two days ago at Oued […]

EBRD Lends €20 Mln to Moroccan SGMB Bank to Support Green Projects

The European Bank for Reconstruction and Development (EBRD) has approved a €20 million loan for Société Générale Maroc to enable the bank support SMEs involved in value chains and their green investments. The loan is part of an EBRD program focusing on improving SMEs participation in value chains supported by the European Union and the […]