Lesotho FM in Rabat

Egypt’s Central Bank Raises Cash Withdrawal Limit and Extends Bank Hours Amid Telecom Disruptions

The Central Bank of Egypt (CBE) has temporarily raised the daily cash withdrawal limit for individuals and businesses at bank branches from EGP 250,000 to EGP 500,000. This exceptional measure is intended to cushion the impact of ongoing telecommunications disruptions that have affected regular banking operations across the country. The CBE stated that the adjustment […]

UAE’s Etisalat acquires additional stake in Maroc Telecom under a $500 million deal

Etisalat, the UAE’s biggest telecoms operator, increased its ownership in Etisalat Investment North Africa to 100 per cent by acquiring the Abu Dhabi Fund for Development’s 8.7 per cent stake in EINA, Etisalat said in a regulatory filing on Tuesday.   The deal increases Etisalat Group’s effective ownership in Maroc Telecom Group to 53 per […]

Morocco, key buffer in Sahel fertilizer crisis- Middle East Institute

Morocco is poised to play a pivotal role in mitigating the risk of a looming food crisis in West Africa’s Sahel region, leveraging its fertilizer industry and African partnerships, according to a new analysis by the Washington-based Middle East Institute. Disruptions to global shipping through the Strait of Hormuz have triggered a sharp rise in […]