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Conditions Conducive for Islamic Finance Expansion in Morocco- Al Baraka Bank

Bahrain’s Al Baraka Bank deems that the regulatory framework in Morocco is conducive for the launch of an Islamic finance venture. The Bank’s Chief Executive, Adnan Ahmed Yousif, told Reuters that the Bank targets the expanding Islamic finance in Morocco in effort to diversify assets and revenues in Africa. Morocco is attractive for Islamic banks […]

Egypt, Qatar ink agreement to eliminate double taxation on income

Qatar and Egypt signed Monday in Doha a deal to remove double taxation on income, and prevent tax invasion and avoidance, the Egyptian government announced in a statement. The agreement includes detailed provisions for the taxation rules and conditions by both countries, to prevent tax duplication, with respect to taxes on income from non-transferable assets, […]

Morocco-UAE Defense Cooperation Reviewed at Meeting in Abu Dhabi

Cooperation relations between Morocco and the United Arab Emirates was reviewed at a meeting Sunday in Abu Dhabi, with focus on defense cooperation. The meeting gathered Moroccan Minister Delegate in charge of the National Defense Administration, Abdellatif Loudiyi, and Emirati Minister of State for Defense, Mohammed bin Ahmad Al Bawardi. The meeting took place on […]