albaraka fondation

Turkey opposes partition of Libya as military confrontation with Egypt looms

Turkey Tuesday said it opposes any form of division of Libya where it backs the UN-sponsored Government of National Accord (GNA), which is challenged by rebel Gen. Khalifa Haftar, backed by Egypt, UAE, Russia, France and USA. “We are absolutely against the breaking up of Libya, whether in reality, or on the map, or politically […]

Algeria boycotts Ecuador’s bananas after its pro-Morocco move

The prices of bananas are set to surge in Algeria after the latter boycotted imports of the fruit from its main supplier Ecuador, which has withdrawn recognition of the Polisario entity and backed Morocco’s autonomy plan for the Sahara. Ecuador has made the position last month, following the example of Panama, showing strong support for […]

Morocco’s Central Bank keeps key interest rate unchanged at 2.25%, expects 4.6% Growth in 2025

Morocco’s Central bank has decided to maintain its key interest rate unchanged at 2.25 %, while continuing to strengthen the measures aimed at easing financing conditions for businesses, especially very small enterprises (VSEs). The decision was made Tuesday by the Bank’s board after having analyzed national and international economic developments and reviewed medium-term macroeconomic projections. […]