FC Injects $50 Million in Moroccan Home Builder Group

The International Finance Corporation, a member of the World Bank Group, announced it is investing $50 million in Alliances Group, a leading Moroccan home builder, “to increase the supply of quality affordable housing, create jobs, and spark broader economic development.” The investment consists in the purchase of 3% of the Moroccan group’s shares for $25 […]

Tunisia: Second round candidate’s demand for release from prison rejected

A judge has rejected a demand for the release of media mogul and candidate for the second round of Presidential elections who has been in detention since late last month on money laundering charges. Lawyers of Nabil Karoui and his party, Heart of Tunisia, said Thursday the investigative judge has rejected the demand for the […]

Tough Days Ahead for Algeria’s Currency

The health of Algeria’s currency, the dinar, has always been measured against oil prices. The end of the era of expensive oil in late 2014 has sent the dinar dwindling in value as Algeria continues to squander its oil mantra avoiding painful reforms to diversify its economy. Since the beginning of this year, the dinar […]