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Libya: Irda freed by protesters, Wafa threatened

Protests at the port of Brega, eastern Libya, came to an end on Sunday after authorities reached a deal with the protesters thereby paving the way for operations to begin. The protests forced production at the Irda natural gas field to stop and last week, the National Oil Corporation (NOC) warned that nearby Sahel gas […]

Morocco declares end of CMI card-payment monopoly after market reforms

Morocco’s central bank and competition regulator said reforms have ended the long-standing dominance of the Centre Monétique Interbancaire (CMI) in the country’s bank-card payment market, opening the sector to new operators and lowering costs for merchants. Morocco has completed the transition from a market where CMI was the sole provider of merchant card-acquiring services to […]

Libya foresees strong Sukuk

In its strive to expand Islamic Finance, Libya’s Stock Market and Amanie Advisors have inked a comprehensive Memorandum of Understanding destined to outline a “clear roadmap” for the promotion of Islamic Finance. The MoU is expected to boost Libya’s massive potential in domains that remains relatively unexploited. Amanie Advisors, a global Shariah advisory firm, will […]