First Independent Mena Newspaper
The Casablanca Finance City, an emerging regional financial hub in Africa, has partnered with the CityUK to develop of the securities and derivative markets, boost education and training in the financial services sector and build an insurance and reinsurance sector that will benefit the wider African market. Chris Cummings, chief executive officer of TheCityUK, said: […]
Tunisia Amen bank, the 2nd largest private bank in the North African country, has received backing from the International Finance Corporation, a member of the World Bank, to boost the company’s efforts to improve governance and modernize management practices. The IFC backing comes at a time when Tunisian banks are implementing new central bank regulations […]
The World Bank has warned that the fiscal crisis in the Palestinian territories is deepening, urged donors to take urgent action to face up the situation and called for lifting the barriers preventing the private sector development. In a report on Palestinian economy monitoring released Wednesday, the international financial institution underscores the key role a […]
Morocco, Jordan and Tunisia will soon benefit from investments coming from Europe’s Bank for Reconstruction and Development (EBRD) as their economies continue to struggle. The bank is looking forward to an investment that could swell up to 200 million Euros. The investment in these three countries will be followed by several similar projects in the […]
One of the banks in Qatar has announced its intentions to raise its capital value in a released statement. The bank, Ahli bank, is ranked as the seventh-largest listed by market value. It is hoping to lift up its actual capital by 20 percent. It has therefore stated that it will be issuing rights during […]