Morocco is planning to set up a market for non-performing loans (NPLs) offering the possibility of buying and selling of unpaid loans beyond set deadline. Banks can sell NPLs to reduce risk, free up capital, and maintain profitability, while investors seek to profit by restructuring or recovering value. Morocco’s Central bank, Bank Al-Maghrib, has been […]
Tension in relations between Egypt and Sudan has been soaring on the backdrop of the two countries’ diverging foreign policy stands along with an unresolved territorial dispute over the Halaib triangle and disagreements concerning the distribution of the Nile water, in the wake of Ethiopia’s building of a mega dam over the river. The long-brewing […]
Dubai Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum will chair the Higher Committee for Future Technology and Digital Economy set up to help shape the future of artificial intelligence (AI) by investing in the metaverse and establishing partnerships to boost Dubai’s digital economy. Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime […]
