Situation-calme-a-El-Guerguarate

Morsy Foresees “E-BRICS” in March Summit

At the end of his two-day visit to India, the Egyptian president has expressed his expectations of joining the group of fast growing economies known as the BRICS; an acronym for Brazil, Russia, India, China and recent member South Africa. President Morsy was speaking at a business forum when he said “Egypt is hoping to […]

Fitch: Deposits in Morocco Islamic Banks to Grow up to 10 %

Islamic banking products in Morocco could expand their deposit bases by 5 to 10 pc, says Fitch Ratings, noting that the ability to grow the deposit base is positive for Morocco’s economic development because deposits represent about 70% of banking sector funding. “We expect growth of participation banks in Morocco will be high initially, as […]

Violence in Mozambique triggers mass displacement as aid falters

A fresh wave of brutal attacks by armed groups in northern Mozambique has displaced at least 46,667 people in late July, compounding an already dire humanitarian crisis in the Cabo Delgado province, UN agencies reported. The violence, concentrated between 20 and 28 July across Chiúre, Ancuabe, and Muidumbe districts, has driven total displacement this year […]