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Morocco: Dar Assafaa to become an Islamic bank

The Moroccan banking group Attijariwafa Bank plans to transform its subsidiary Dar Assafaa into an Islamic financial institution according to the group’s CEO. Kettani said that the Attijariwafa Bank Group is transforming its subsidiary Dar Assafaa into a full Islamic bank, with its independent identity. In this context, the banking group belonging to the Royal […]

Russian veto on MINURSO, a sign of Algeria’s diplomatic dependence

The Russian veto that blocked a US-backed UN Security Council resolution on the Sahara issue on 30 October is being interpreted as evidence of Algeria’s growing dependence on Moscow. In a commentary published on 3 November, French Africanist historian Bernard Lugan argued that the veto amounted to a “receipt” for services rendered. According to Lugan, […]

Egypt seals military cooperation with South Sudan

Egypt has signed a military cooperation with Africa’s youngest state, South Sudan. The deal comes at a moment when both countries are experiencing violence from groups challenging the government’s authority. The conclusion of the deal could raise eyebrows in Khartoum which also agreed a bilateral military cooperation in Cairo. Sudan and South Sudan still have […]