The European Bank for Reconstruction and Development (EBRD) approved on Tuesday a €40 million loan package to Moroccan bank “Crédit Immobilier et Hôtelier” to enable it enhance the resilience of local trade and businesses affected by covid-19 pandemic. Under the agreement sealed by the two parties, the EBRD will provide a €20 million loan to […]
The Central bank said it will intervene to ensure there is enough cash for banks through increasing three-fold their refinancing capacity in dirham and hard currency. The move comes as a lifeline for Moroccan banks to offset the financial repercussions of coronavirus and help them offer loans for enterprises and households, the central bank said […]
Libya and Malta have agreed to begin discussions on maritime borders, with the possibility of expanding the talks into multilateral negotiations if they involve third countries. The agreement was reached during a meeting on Wednesday, September 10, in Valletta between Libya’s Acting Foreign Minister, Al-Taher Al-Baour, and his Maltese counterpart, Ian Borg. The talks also […]
