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, […]
Italian companies will build Libya’s largest highway that will link both countries going through Tunisia and Egypt, Rome has said. Italian companies are about to restart construction work on Libya’s largest highway, which runs from the Tunisian border to the Egyptian border, Luigi Di Maio, the Italian top diplomat reportedly told local radio Confapi. The […]
Morocco set up the High Atlas Mountains development agency to oversee reconstruction efforts in the earthquake-hit areas. The agency was set up in implementation of Royal directives which urged speeding up reconstruction efforts after the 7-magnitude quake that left nearly 3000 people dead, and damaged 60,000 homes. The agency will oversee projects aiming at rehousing […]
