First Independent Mena Newspaper
Morocco ranks as the sixth largest recipient of the Islamic Development Bank funding with total loans amounting to $6.8 billion said Economic and Finance Minister Mohamed Boussaid. Speaking at the opening of the 43rd annual meeting of the group, Boussaid said the bank offered $2.9 billion to fund development projects in areas covering energy, transport, […]
Moroccan state-owned bank Credit Agricole (CAM) received the approval of the Ministry of Finance to open an Islamic subsidiary with The Islamic Development Bank (IDB), the Central Bank, Bank Al Maghrib, said in an official bulletin. Bank Al Maghrib added that it is in the final stages of launching Islamic finance industry, which is referred […]
Mauritanian President Ould Abdel Aziz inaugurated Tuesday the country’s first wind energy plant expected to produce about 30 megawatt, enough to cover 14% of energy need of the capital, Nouakchott. The new energy plant worth €43 million was co-funded by Mauritania and the Arab Fund for economic and social development. Mauritanian minister of energy Ahmed […]