The Central Bank of Egypt, (CBE) collected around $5.2 billion (EGP 100 billion from local banks in the weekly open market operations (OMO) as the North African country turns to local, regional and international banks for loans to address growing economic pressures. The CBE data indicate that the funds were raised at a fixed rate […]
The Moroccan government took the first steps towards the adoption of a draft law on the establishment of Islamic banking in the country. This comes as a result of the cabinet’s plan to attract certain segments of foreign direct investment. In the opinion of the budget committee represented by minister-delegate Driss Azami, Morocco can significantly […]
UN secretary general Antonio Guterres reiterated that the mission of the MINURSO is to ensure the ceasefire is respected in the Sahara region between Morocco and the Algeria-based polisario front. The statement deals a blow to the Polisario and their Algerian mentors who are still waiting for a referendum, a proposal that proved infeasibility and […]
