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National Bank of Oman to exit from Egypt in Q1 2020

National Bank of Oman, NBO, will cease operations in Egypt early next year at the decision of the board of directors. The NBO, registered on the Muscat Securities Market (MSM), has received approval to wrap up activities in Egypt, Mubasher reports. The outlet, citing bourse sources, notes that the closure will take place in Q1 […]

Hospitalization of Algeria’s President stirs concern ahead of referendum

Algerian President Abdelmejid Tebboune flew to a hospital in Germany where he is receiving medical care, amid concern for his condition as many of his top aides caught the coronavirus. His transfer to Germany is indicative of the failure of Algeria to have a health system that can care for the President. Like his predecessor, […]

Japan, Largest Foreign Private Employer in Morocco

Morocco is hosting 71 Japanese companies operating in the automotive industry and renewable energy.   These firms are employing nearly 40,000 people, making Japan the largest foreign private employer in the North African Kingdom. The remarks were made by chairman of the Moroccan employers’ union (CGEM) Chakib Alj during a networking meeting between Moroccan economic […]