National bank of Oman

Central Bank of Mauritania suspends Société Générale Mauritanie buyout by Burkina Faso-based Coris Holding

The Central bank of Mauritania, BCM, has reportedly suspended the acquisition of Société Générale Mauritanie, the subsidiary of Paris-based Société Générale, by Burkina Faso-based Coris Holding over an alleged fraud accusation leveled at Coris. Société Générale in June 2023 announced the sales of several of its subsidiaries in the southern Sahara including Mauritania. The bank […]

French MPs adopt resolution calling for abrogation of 1968 France-Algeria migration Agreement

France’s National Assembly on Thursday Oct. 30 adopted a resolution calling on the government to repeal the controversial 1968 agreement with Algiers that facilitates Algerian immigration to France. The text, tabled by the far-right National Rally (RN) was narrowly approved by 185 votes to 184. It is the first legislative victory for Marine Le Pen’s […]

EBRD supports Morocco’s packaging industry with €15 Mln funding

The European Bank for Reconstruction and Development (EBRD) is supporting Morocco’s packaging industry with a €15 million loan provided to Multisac SA, local manufacturer of woven polypropylene bags in Morocco. The announcement of the funding coincides with the visit of EBRD chief Renaud Bassu is paying to Morocco. The €15 million loan will support the […]