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Somalia: Shebabs claim attack on beachside hotel in Mogadishu

The Somali jihadist Shebabs claimed responsibility for the attack launched on Sunday on a famous hotel in Mogadishu, frequented by government officials, that killed ten civilians and a police officer, according to an official report in the evening. It took security forces four hours and a raging gun battle to regain control of the Elite […]

Morocco to introduce secondary market for non-performing loans

Morocco’s central bank has prepared a draft law that would set up a secondary market in which non-performing loans, currently at 9.8 billion dollars, can be sold, in a move that will boost banks’ liquidity. The news was announced by director general of the central bank, Bank Al Maghrib, Abderrahim Bouazza, who said non-performing loans […]

Qatar “could” lose FIFA World Cup if it was “bought,” FIFA’s Domenico Scala

The independent chairman of FIFA’s audit and compliance committee Domenico Scala told Swiss newspaper Sonntagszeitung that Russia and Qatar could be stripped off their rights to host the 2018 and 2022 FIFA World Cup if they are found guilty of paying for the votes in 2010. This is not the first time that Scala has […]