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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 […]

Algeria’s erratic diplomacy at play in Syria

Less than two months was enough for a volt-face of the Algerian regime on the transition authority in Syria, where it dispatched its ambivalent foreign affairs minister in an act of repentance. Algiers has backed the bloody Syrian regime of Bashar Al Assad to the bitter end, while describing the HTS of current president Ahmed […]

Guinea: Authorities admit death of thirty people during March referendum

Guinean authorities have acknowledged that intercommunal violence following the disputed referendum in Nzérékoré on March 22 has resulted in the death of 30 people. Basically, the authorities accuse the opposition of being behind the violence that led to the arrest of 57 people, including 44 who were placed under a committal order in Kankan. Two […]