electricity

World Bank Loans Morocco $350 mln in Support of Financial Reforms

The World Bank announced a $350 million program to support wide-ranging reforms of financial intermediation in Morocco, including new sources of financing for small and medium enterprises (SMEs). The loan also aims at improving the regulatory oversight of the banking sector and supporting the capital market development by broadening the range of instruments and strengthening […]

Egypt: Central Bank blocks transactions with African and Arab banks

There are reports that Egyptian banks have been ordered by the Central Bank to refrain from doing business with some banks in African and Arab countries amongst which are Qatar, Libya, Syria and Sudan. The central bank’s decision is aimed at reducing the scale of money laundering in compliance with the anti-money laundering laws. Several […]

Morocco & Djibouti to set up friendship parliamentary group

Lawmakers from Morocco and Djibouti have agreed to set up a friendship parliamentary group to foster contacts and dialogue between the two countries’ MPs on issues of common interests. The agreement was reached during a meeting held Thursday in Djibouti city between a Moroccan parliamentary delegation and Speaker of Djibouti National Assembly Moamed Ali Houmed. […]