EFG Hermes, Egypt’s biggest investment bank, has completed its takeover of state-owned Arab Investment Bank for an undisclosed transaction. EFG Hermes, Arab News reports, agreed to purchase a 51% stake in the bank in May, with the Sovereign Fund of Egypt also acquiring a 25% stake and the current owner, Egypt’s state-owned National Investment Bank […]
An inter-ministerial commission was created in Morocco to prevent and combat human trafficking in implementation of a law in this regards. The commission, attached to the head of government’s office, includes members from the judiciary and from the ministries of human rights, the interior and foreign affairs. The commission will meet once a year to […]
Moroccan authorities have decided to suspend flights to and from India as of this Saturday, April 24. The announcement was made late Friday by Morocco’s airport authorities, which said that besides the suspension of flights, Morocco will no longer allow citizens of India, traveling directly or via another country, to enter the country. Although […]
