Bank-Al-Maghrib

Arab leaders reject Trump’s Gaza plan, endorse Egyptian reconstruction proposal

Arab leaders have firmly rejected US president Donald Trump’s controversial plan to displace Palestinians from Gaza and redevelop the region, endorsing an Egyptian-proposed reconstruction plan instead. The $53 billion plan, approved at an emergency summit in Cairo on Tuesday (4 February), aims to rebuild Gaza while keeping Palestinians in the enclave and excluding Hamas from […]

West Africa’s BRVM soars to record heights as African markets catch fire

The Bourse Régionale des Valeurs Mobilières (BRVM), West Africa’s regional stock exchange, has reached an unprecedented market capitalization of about $21.2 billion, marking a milestone for the eight-member West African Economic and Monetary Union (WAEMU). Announced on Wednesday (15 Oct), the BRVM’s market cap has soared 29.13% since the end of 2024, with a remarkable […]

Egypt, Saudi Arabia to sign electricity transmission network agreements

Egypt and Saudi Arabia will sign soon multiple contracts for a 2 GW electricity transmission network that will connect the two countries’ grids. The project worth $1.6 billion will connect both countries’ grids with 900 kilometers of overhead transmission cables and pass across the sea bed, for 25 kilometers. Egypt will finance 40 per cent […]