US Treasury removes 84 names from sanctions list
The United States Treasury Department removed 84 people and companies from its sanctions list on July 27th as part of...
Banking
Central Bank of Libya announces strategy to improve liquidity
The Central Bank of Libya (CBL) announced the imminent launch of a new national strategy to regulate the distribution of...
Libya’s first local credit rating agency has been established
In a significant shift towards developing the local financial sector and attracting foreign investment, it was announced in Libya that...
Morocco sees over 90% rise in foreign investment
Morocco recorded a rise in foreign direct investment (FDI) in 2025 despite a challenging global economic climate, as reported by...
Morocco plans market for non-performing loans
Morocco has announced its plan to develop a market for non-performing loans (NPLs) that would reportedly be geared towards increasing...
Senegal denies allegations of secret €650m borrowing
Senegal's debt crisis has intensified after the government denied allegations that it secretly secured €650 million in borrowing, according to...
Morocco central bank expected to hold key interest rate steady
Morocco’s central bank is likely to hold its benchmark interest rate at 2.25 percent when its policy-making council holds its...
Libya’s central bank advises against illegal foreign exchange
In a leaked letter, the Central Bank of Libya (CBL) urged foreign missions and international organisations operating in Libya to...
Libya: bank urges use of licensed foreign exchange offices
The Central Bank of Libya (CBL) has instructed all foreign missions and international organisations in Libya to advise their citizens...
Nigeria: foreign reserves reach seven-year high
Nigeria’s foreign reserves have risen to $46.7 billion, the highest level since 2018, reports Nairametrics on November 18th. Governor of...
Abu Dhabi investment company approve merger plans
Abu Dhabi based investment holding company Multiply Group has announced its shareholders have approved plans to acquire 2PointZero and Ghitha...
Qatar wealth fund to launch $2.5 billion private equity fund
Qatar’s sovereign wealth fund, Qatar Investment Authority (QIA), is partnering with Japan’s Orix to start a $2.5 billion (£1.9 billion)...
Syria: banks have months to plan restructure following crisis
In an attempt to revive its banking sector, Syria’s central bank has given commercial lenders six months to provision for...
Abu Dhabi’s IHC acquires stake in Pakistan’s women bank
Abu Dhabi’s IHC (International Holding Company) has acquired a majority stake in Pakistan's state-owned First Women Bank Limited (FWBL), reports...
Swiss bank UBS opens advisory office in Abu Dhabi
The Swiss bank UBS has opened a new advisory office in Abu Dhabi’s financial centre, Abu Dhabi Global Market (ADGM),...
