Sahrawi movement for peace

Tunisia risks inflationary spiral as president seeks Central Bank funding for state budget

Economists warned Tunisia could plunge into an inflationary spiral if the central bank accepts direct financing of the state budget. Inflation was already at 8.1% in December and is expected to further raise and take a monetary character if the central bank accepts direct funding of the government. Tunisia’s president Kais Saied has asked for […]

Morocco’s Central Bank Signs Cooperation Deal with Dubai Financial Services Authority

Morocco’s Bank Al Maghrib (BAM) and Dubai Financial Services Authority (DFSA) have agreed on Wednesday in Rabat to strengthen cooperation in financial services and in enhancing investors’ confidence. Inked by Abdellatif Jouhari, Governor of Bank Al Maghrib, and Chief Executive of the DFSA, Bryan Stirewalt, the agreement provides for coordination and cooperation between the two […]

AU: Egypt to hand over presidency to South Africa in February

Egypt will pass on the African Union presidency baton to South Africa in February next year, asharq al-Awsat reports. The handover will take place at the 33rd ordinary summit of the continental body in Addis Ababa. The meeting slated January 21 to February 10 will gather under the theme: “Silencing the Guns: Creating Conducive Conditions […]