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Al Baraka Group Sells its Stakes in BTI to Moroccan Bank of Africa

Bahrain’s Al Baraka Group (ABG), one of the major Islamic banking and financing institutions, announced on Monday that it is exiting from two of its subsidiaries, Bank Al-Tamweel Wa Al-Inma (BTI) in Morocco and Itqan Capital, an investment company in Saudi Arabia. Its 43.6 pc stake in BTI will be sold to Moroccan Bank of […]

World Power-to-X Summit: Several partnerships on green hydrogen signed in Marrakech

Several partnership agreements in the field of green hydrogen were signed in Marrakech, on the sidelines of the second edition of the “World Power-to-X Summit” that kicked off on Wednesday. These partnership agreements aim to promote research and innovation on green hydrogen and seize the opportunities offered by this economic and industrial sector to consolidate […]

KfW supports Morocco’s financial system reform with €165 Mln funding

German Development Bank (KfW) has pledged to provide Morocco €165 million funding to continue reforming its financial system which has shown resilience to external shocks. The KfW financial support includes a €150 million loan and a €15 million grant. Funding agreements were inked Wednesday in Rabat by Economy & Finance Minister Nadia Fettah and Head […]