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    Minister: Morocco to have first Islamic bank before end of year

    June 30, 2016

    The Moroccan Minister of Economy and Finance Mohammed Bou Said said on Tuesday that the country’s first financial institution fully compliant with the principles of Islamic sharia law will open before the end of 2016.

    The minister made his remarks during a parliamentary session about the delay in the launching of an Islamic banking"...

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    Non-hydrocarbon exports: Bank of Algeria introduces facilitation measure

    June 30, 2016

    ALGIERS- The Bank of Algeria has recently introduced a facilitation measure for the non-hydrocarbon exporters by removing its previous agreement for the payment of the import bills of raw materials by these operators in foreign currency, an official of this institution told APS.

    It is in this regard that the banks were instructed"...

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    Hocine Kerboub appointed Chairman of SAIDAL group's Board of directors

    June 30, 2016

    ALGIERS-Hocine Kerboub has been appointed Chairman of the Board of directors of joint-stock company SAIDAL by the extraordinary general assembly and the group's Board of directors, which dismissed former CEO Mohamed Hammouche from his duties, SAIDAL announced Wednesday in a communiqué.

    The extraordinary general assembly"...

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    Businessmen collect 15,000 billion centimes

    June 30, 2016

    The Forum of Enterprises Chiefs could collect $1.5 billion of subscriptions for bond loans with the involvement of 267 subscribers. Hadad Group and Mazouz Group injected the largest sum i.e. 400 billion centimes respectively.

    The subscriptions collection was carried out on Wednesday in El-Aurassi Hotel in Algiers in presence of finance minister Hadji Baba Ami, the Secretary General of the General Union"...

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    Extraordinary congress of Polisario Front early July to elect... June 13, 2016

    ALGIERS- Polisario Front will hold its extraordinary congress in early July to elect its Secretary General and new Sahrawi president, announced Sunday the Minister of"...

     

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