Rapper Gnawi

Morocco to Launch Islamic Banks

The Moroccan government took the first steps towards the adoption of a draft law on the establishment of Islamic banking in the country. This comes as a result of the cabinet’s plan to attract certain segments of foreign direct investment. In the opinion of the budget committee represented by minister-delegate Driss Azami, Morocco can significantly […]

Algeria: Freezing of assets of generals & civilian elites abroad, a pressure measure on authoritarian regime

The freezing of assets belonging to active or retired Algerian military generals and elites is meant to exert pressure on the authoritarian and military regime of Algeria. The freezing of assets, estimated at several billion dollars, is aimed at combating terrorism financing and to preserve peace and security, which are top priorities for international organizations […]

Aya Gold & Silver Company raises $70 Mln for its projects in Morocco

Canadian company Aya Gold & Silver has raised $70 million for the development of its Moroccan Boumadine and Zgounder mining projects, near Ouarzazate. On Tuesday, Aya firm announced it has agreed to sell 8,485,000 common shares to Eight Capital and Desjardins Capital Markets, as joint bookrunners and co-lead underwriters, together with a syndicate of underwriters. […]