The Central bank of Egypt (CBE) and that of the United Arab Emirates (CBUAE) signed Thursday September 28 a Bilateral Currency Swap Agreement between the UAE Dirham (AED) and the Egyptian Pound (EGP). CBE Governor Hassan Abdullah and his UAE counterpart Khaled Mohamed Balama penned the deal that allows the exchange of local currencies between […]
Morocco has recorded significant water inflows into its dams following recent snowfall, while authorities intensify efforts to mitigate flood risks, Water and Equipment Minister Nizar Baraka said. Speaking to members of parliament, Baraka said the country remains vulnerable to extreme weather patterns, alternating between drought and flooding. Over the past ten days, some 482 million […]
In Côte d’Ivoire, Banque Atlantique, a subsidiary of Morocco’s Banque Centrale Populaire Group, has provided a loan of 32.5 billion CFA francs to the Yamoussoukro road infrastructure rehabilitation project. The loan was attributed to FPO Africa, one of the leading local construction companies in Côte d’Ivoire as part of a public-private partnership (PPP) with the […]
