OCP & IFDC

Moroccans to spend Eid El Fitr at home because of Covid-19

After an exceptional Ramadan with closed mosques and social distancing measures to contain the coronavirus outbreak, Moroccans will have to stay in their homes during Eid El Fitr and avoid family visits after the country extended the confinement it has started in March 20 until June 10. This means no collective Eid prayers this year […]

$350 Million WB financing for reform of Morocco’s public institutions & enterprises

The World bank will contribute to the reform of Morocco’s public institutions & enterprises with a $350 million financing. The financing agreement was signed Thursday in Rabat by Minister of Economy and Finance, Nadia Fettah, and Director of the Maghreb and Malta Department of the World Bank, Jesko Hentschel. During the signing ceremony, Nadia Fettah […]

Saudi central bank grants license to two new fintech firms

The Saudi Central Bank (SAMA) Tuesday issued operation permits to “Lean Technologies” and “Mod5r”, two companies which will provide Open Banking Solutions. The permits are in line with the Council of Ministers’ decision in the second quarter of 2022, which provides for the adoption of the Fintech Strategy containing the supreme directive order for the […]