Hafsa-Boutahar at news conference

Credit Agricole to Open Morocco’s First Islamic Bank

Moroccan state-owned bank Credit Agricole (CAM) received the approval of the Ministry of Finance to open an Islamic subsidiary with The Islamic Development Bank (IDB), the Central Bank, Bank Al Maghrib, said in an official bulletin. Bank Al Maghrib added that it is in the final stages of launching Islamic finance industry, which is referred […]

Tunisia: Government Pressures Military Court to Dismantle Islamist Party

The Tunisian government has called on the military court to suspend the Islamist Hizb ut-Tahrir party, deemed radical and a threat to security in the North African country, an official told media on Wednesday. President Caid Essebsi last week went public and asked for banning the party after it threatened “to cut heads and hands […]

Algeria: Appeal court upholds sentences against Said Bouteflika, Gen. Toufik, Tartag

An appeal court in Algiers upheld 15-year in jail sentence against Said Bouteflika, the brother of former President Abdel Aziz Bouteflika, and against the former commander of intelligence services, Mohamed Medienne aka Toufik. The two men, in addition to General Athmane “Bachir” Tartag, were handed 15 years in jail sentences in September for plotting against […]