ancient books

First Islamic Bank in Morocco Expected Next Year

Morocco will have its first Islamic bank next year, according to a statement made lately in Kuwait by governor by the central bank of the North African country Abdellatif Jouahri. Morocco will become thus the latest Muslim-majority country to develop a regulatory framework specific to Islamic finance after the parliament approved last year a bill […]

Egypt, Greece to carry out feasibility studies for underwater electricity interconnection project

Egypt and Greece are working to hire an international consultancy office to carry out feasibility studies for the $4 billion electricity interconnection project between the two countries, Asharq Business reports, citing 3 unnamed sources familiar with the matter. “Selecting a consultant is the most important step of the project,” one of the sources said, adding […]

Libya: Foreign mercenaries recruited for Haftar by Security Company

Mercenaries linked to Frontier Services Group, a security company based in Iraq and UAE, have been fighting on the side of military commander Khalifa Haftar whose forces have launched an offensive to seize the Libyan capital of Tripoli. Under a secret deal, Frontier Service Group, run by American Businessman Erik Prince, had recently flown private […]