Tunisian Nabil-Karoui

Holmarcom take over of BMCI marks exit of the last French lender from Morocco’s retail banking sector

Moroccan conglomerate Holmarcom is set to deepen the shift toward local ownership in the kingdom’s banking sector with its planned acquisition of BMCI from France’s BNP Paribas, in a deal that underscores the exit of the last French bank from Morocco’s retail lending. After completion of regulatory requirements, Holmarcom plans to merge BMCI with Crédit […]

Tunis Protests Italian Official’s Statement Calling Tunisia ‘ex-detainees exporter’

The Tunisian foreign minister Monday summoned Italy’s ambassador to protest the newly appointed interior minister’s claims that the North African country is exporting criminals and ex-prisoners to Italy in the wake of the death of 48 illegal migrants off Tunisian coasts. After summoning the Italian ambassador, the ministry also released a statement indicating that it […]

Algeria’s pro-separatism diplomacy collapses on Spanish, French and Sahel rocks

After several years of hardline pro-separatism diplomacy- marked by ambassador recalls, airspace closures, weaponized gas sales, suspended cooperation and sharp public statements- Algeria is softening its tone trying to mitigate damages through a more pragmatic approach. A series of recent moves with France, Spain and Niger, alongside tentative outreach to Mali, signal a recalibration away […]