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Morocco’s Competition Council accelerates electronic payment market opening

Since May 1, 2025, payment institutions and banking subsidiaries dedicated to acquisition services, with proper authorization, can operate in Morocco’s electronic payment market and commercialize their offerings, the Competition Council announced. The Council recently held a follow-up meeting on dismantling the quasi-monopoly held by the Centre Monétique Interbancaire (CMI) in the electronic payment market. Besides […]

Algeria Struggles to Catch up with Neighbors on Islamic Finance

Battered by the oil price slump, the underdeveloped banking sector in Algeria sees new financing sources in Islamic finance to tap into the huge informal economy and catch up with Morocco and Tunisia, which have already allowed such participatory banks to operate. As it edges towards offering banking services to suit more religiously conservative investors, […]

Free Syrian Party calls on Damascus to label Polisario terror organization & recognize Moroccanness of Sahara

The Free Syrian party, ex-National Salvation Front, has called on the new authorities in Damascus to include Polisario in the list of terrorist organizations banned in Syria for their participation in the bloody atrocities committed against the Syrian people. The party supports the bi-partisan legislation submitted by U.S. Republican Representative Joe Wilson to the Congress […]