The International Islamic Trade Finance Corporation (ITFC) will provide Egypt with $1.5 billion, a new financing agreement earmarked for imports of petroleum and basic commodities. Hani Sonbol, ITFC CEO announced the agreement to Bloomberg Asharq adding that the amount includes $800 million for petroleum imports and $700 million for basic commodities. The new deal is […]
The Financial Regulatory Authority (FRA) reported a notable increase in non-banking financing across various sectors in July 2024. According to the latest figures, the number of consumers benefiting from consumer finance rose to 2.127 million in July 2024, up from 1.986 million in July 2023. The total volume of outstanding loans for micro, small, and […]
Morocco is unrelenting on its crackdown on the returning foreign fighters who joined the ranks of the Islamic state, Abdelhak Khiam, head of Morocco’s counter-terrorism agency (BCIJ), said. “We have arrested and brought to justice more than 200 returnees,” Khiam said in an interview with AFP. He said the suspects were serving sentences ranging from […]
