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Morocco: Attijariwafa Bank Eyes Takeover of Barclays’ Egypt Branch
Morocco’s leading banking group, Attijariwafa bank, has submitted a bid to take over British Barclay’s Egypt branch, a source close to the Moroccan institution told Reuters. The transaction has been estimated at $400 million. Barclay has decided to get rid of its Egypt’s branch as part of structural adjustment policy in a move to generate […]
Still Short of USD:Egypt’s Booming Foreign Currency Black Market
Egypt’s central bank has lately taken some exceptional steps to help the Egyptian pound and restrain the black market in foreign currencies. Despite the central bank’s effort, the currency black market is thriving around the country, which suggests that the limits of the economic recovery since the fall of ex-President Morsi in July last year […]
Rashida Tlaib, First Muslim Woman Elected to US Congress
Former Michigan state representative Rashida Tlaib has become the first Muslim woman elected to US Congress after she won a Democratic primary election to represent Michigan’s 13th district. Running in a crowded field of candidates vying to replace John Conyers Jr, who served from 1965, until retirement last year, Ms Tlaib, the daughter of Palestinian […]



