FM nasser bourita

Workshop in Rabat on LIBOR Reform & Morocco’s New Money Market Benchmark

Morocco’s Central Bank, Bank Al-Maghrib, and the European Bank for Reconstruction and Development organized on Wednesday in Rabat a workshop on London Inter-bank Offered Rate (LIBOR) reform and the new money market benchmark in the North African country. Participants in the workshop discussed the implications of changes in the benchmark indexes used on the international […]

Ex-Mauritanian leader nabbed Tuesday on corruption charges

Former Mauritanian President Mohamed Ould Abdelaziz was arrested Tuesday night and detained at the anti-corruption division of a court in the capital Nouakchott, Le360.ma reports citing his defense team. Ould Abdelazziz since leaving power in 2019 has been in the eye of the storm with the country’s justice hunting him down for corruption and public […]

Algeria: President Sacks Internal Security Chief amid Cocaine Seizure Scandal

The head of the Algerian national security service (DGSN) Abdelghani Hamel has been fired and replaced by Mustapha El-Habiri, head of civil protection directorate, as investigations on the recent seizure of 700 kg of cocaine in Oran port drags foot. A presidential decree Tuesday announced Hamel’s dismissal without giving any reasons behind the move. However, […]