bbcbij

Egypt: Former ruler’s sons to be released

An Egyptian court Monday ruled in favor of the two sons of the ousted Egyptian President Hosni Mubarak, ordering their release, a lawyer of the defendants said. Alaa and Gamal Mubarak will be freed after spending three years behind bars since 2011, the year they were sentenced to three years in jail for corruption. A […]

U.S. DFC supports Ifria Cold Chain Development Company in Morocco and Senegal with $20mln

The U.S. International Development Finance Corporation (DFC) has decided to finance the construction of Ifria refrigeration facilities in two African countries, namely Morocco and Senegal. The move, announced last week, come after DFC provided technical assistance grants to the cold chain development company Ifria in 2021. The Corporation announced the signing of commitment letters worth […]

Fitch: Deposits in Morocco Islamic Banks to Grow up to 10 %

Islamic banking products in Morocco could expand their deposit bases by 5 to 10 pc, says Fitch Ratings, noting that the ability to grow the deposit base is positive for Morocco’s economic development because deposits represent about 70% of banking sector funding. “We expect growth of participation banks in Morocco will be high initially, as […]