Morocco’s Addoha group to build 5,000 social housing units in Gabon

Moroccan real-estate leader, Addoha group, will build 5,000 social housing units in Gabon under an agreement signed lately with the authorities of this central African country. According to local press reports, the agreement was inked by Addoha Deputy Managing Director Mehdi Zemmama and Gabonese Housing Minister Ludovic Menié in presence of transitional President, Gen. Brice […]

Libya to remove oil and food subsidies

Oil minister Al Arusi has announced that they will be joining the campaign against the sensitive fuel market reforms and will also be scrubbing off oil subsidies, which take more than 10% of the budget, before the end of 2016. The decision to remove fuel subsidies on all types of fuel is blamed on smuggling […]

Al Baraka Group Sells its Stakes in BTI to Moroccan Bank of Africa

Bahrain’s Al Baraka Group (ABG), one of the major Islamic banking and financing institutions, announced on Monday that it is exiting from two of its subsidiaries, Bank Al-Tamweel Wa Al-Inma (BTI) in Morocco and Itqan Capital, an investment company in Saudi Arabia. Its 43.6 pc stake in BTI will be sold to Moroccan Bank of […]