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Category: Finance
Morocco: Imported inflation leaves little room for fiscal or monetary intervention
Morocco, like most energy importing countries, is facing the fallout of an imported inflation that sent up the prices of basic commodities in the international ... Read More
Saudi central bank grants license to two new fintech firms
The Saudi Central Bank (SAMA) Tuesday issued operation permits to “Lean Technologies” and “Mod5r”, two companies which will provide Open Banking Solutions. The permits are ... Read More
IMF urges Egypt to cancel low-interest loans initiatives as talks enter final phase
The International Monetary Fund (IMF) is calling on Egypt to cancel all low-interest lending initiatives including loans for small- and medium-sized enterprises (SMEs) and businesses ... Read More
Riyadh-based Tamara platform raises $100m in Serie B around
Gulf buy now, pay later (BNPL) Tamara platform said on Monday it raised $100 million in a second round of fundraising from investors, including Sanabil ... Read More
Morocco: Arab Monetary Fund forecasts 1% annual economic growth in 2022; 4% in 2023
The Arab Monetary Fund said that the expected economic growth in Morocco by the end of 2022 will not exceed 1%, after last year’s 7.9%, ... Read More
Saudi PIF’s SRC inks 133mln real estate financing deal with Riyad Bank
The Saudi Real Estate Refinance Company (SRC), wholly owned by the Public Investment Fund (PIF), has signed an agreement with Riyad Bank to acquire a ... Read More
Egypt: Hassan Abdallah appointed as acting governor of central bank
Egypt’s President Abdelfattah al-Sisi has named Hassan Abdallah as acting governor of the central bank of the country after the former chief resigned Wednesday. Abdallah ... Read More
Tokyo urges Japanese private sector to invest — and beat China — in Africa
Japan, which lags behind other major economies when it comes to investment in Africa, has been increasingly concerned that the pandemic has weakened African economies ... Read More
Egypt: Central bank governor resigns amidst economic crisis, declining currency
Egypt's central bank governor, Tareq Amer, resigned on Wednesday amid the country's ongoing economic crisis and the Egyptian President accepted his resignation, according to several ... Read More
Egypt’s central bank gets around $5.2bn from local banks to address growing economic pressures
The Central Bank of Egypt, (CBE) collected around $5.2 billion (EGP 100 billion from local banks in the weekly open market operations (OMO) as the ... Read More