UAE consulate in Laayoune

Qatar: Ahli bank seeks capital increment

One of the banks in Qatar has announced its intentions to raise its capital value in a released statement. The bank, Ahli bank, is ranked as the seventh-largest listed by market value. It is hoping to lift up its actual capital by 20 percent. It has therefore stated that it will be issuing rights during […]

Morocco to Set Up Market for Non-Performing Loans to Strengthen Financial Stability

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 […]

Tunisia: Proposed PMs Brief President Kais Saied on their Strategy if Confirmed

Tunisia’s Former Minister of Economy, Hakim Ben Hammouda, who has been nominated by seven parties for the position of Prime Minister on Saturday briefed President Kais Saied on his strategy if confirmed. Speaking to the media after the meeting, Ben Hammouda said that the biggest challenge facing the next stage is “rebuilding the social contract” […]