Algeria Struggles to Catch up with Neighbors on Islamic Finance

Battered by the oil price slump, the underdeveloped banking sector in Algeria sees new financing sources in Islamic finance to tap into the huge informal economy and catch up with Morocco and Tunisia, which have already allowed such participatory banks to operate. As it edges towards offering banking services to suit more religiously conservative investors, […]

Marrakech, First Moroccan City to Introduce Electrical Buses

The city of Marrakech is undertaking a pioneering experience at the national level by introducing electrical busses to replace diesel ones in a bid to reduce pollution, noise and enhance urban transportation. After a delay of a year in launching the E-busses, tests are ongoing with the goal of officially operating the busses by the […]

Polisario’s banditry undermines Mauritanian economy- Mauritanian MPs

Mauritanian MPs decried the continuing banditry practiced by the Polisario by blocking the flow of commercial trafficking on the Guerguarat border crossing between Morocco and Mauritania. Le360 news websites cited statements by Mauritanian MPs describing the disruption of commercial traffic as an attempt to undermine the Mauritanian economy. Mauritania depends on much of its agricultural […]