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Morocco receives IMF’s Precautionary Liquidity Line worth $3.47 bln
The Executive Board of the International Monetary Fund (IMF) approved on July 22 a two-year arrangement for Morocco under the Precautionary and Liquidity Line (PLL) for 3.47 billion dollars. The new PLL arrangement will provide Morocco with useful insurance against external shocks as the authorities pursue their reform agenda aimed at further strengthening the economy’s […]
Egypt : Qaala Holding divests stake in Pharos at $ 5.3 million deal
The investment firm Qaala Holding, previously known under the name of Citadel Capital, sold its direct and indirect shareholdings in Pharos Holding for Financial Investments, which amount to 80%, in a deal of 40 million Egyptian pounds ($ 5.3 million). According to the company’s statement, the divestiture is part of its plans to sell non-core […]
Arab Summit reaffirms support for Al-Quds Committee chaired by King Mohammed VI
The 32nd Arab Summit, held Friday in Jeddah, voiced strong support to the role played by Al-Quds Committee chaired by King Mohammed VI and Bayt Mal Al-Quds Agency in defending the Holy City and the resistance of its Palestinian inhabitants. King Mohammed VI is represented in the Jeddah Summit by Prince Moulay Rachid. In their […]



