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Italy expels Moroccan cleric for radicalism

Italian security authorities have expelled a Moroccan cleric officiating in the EU country over radical interpretation of the Quran and aggressive behavior. Houssam Din Rouzak was flown out of Milan to Casablanca on Monday, Corriere Torino, reported Wednesday. The Italian interior ministry reportedly told Corriere Torino that Rouzak has been deported on security grounds. The […]

Saudi startup supporter VMS acquires minor stakes in Egyptian startup accelerator ‘Cash Cows’

Saudi Arabia-based venture studio VMS has acquired a minority stake in Egyptian start-up accelerator ‘Cash Cows’ as part of a strategic partnership agreement aimed at supporting the entrepreneurial ecosystem in both countries, reports say. ‘Cash Cows’ in a press release indicated that the partnership aims to bring together resources, expertise and support to help the […]

Morocco’s Central Bank Keeps Key Interest Rate Unchanged at 2.2 % & Expects 4.6 % Growth in 2025

Morocco’s Central Bank has decided to maintain the key interest rate unchanged at 2.25 percent due to deceleration in food prices and a slowdown of inflation from 2 % on average in the first quarter of this year to 0.7 % in April and 0.4 % in May. The decision was made by the Bank’s […]