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Keywords: Finance
Bank of Africa signaled a broader transformation in Morocco’s banking sector when it rebranded from BMCE in 2020. The change reflected more than a new corporate identity. It illustrated the growing ambition of Moroccan financial institutions to position themselves as regional banking groups capable......
The Congo Basin Climate Commission (CBCC) has strongly praised the visionary leadership of His Majesty King Mohammed VI in advancing African climate action, during a meeting held on Sunday in Nairobi. The Commission highlighted the King’s key role in promoting South-South cooperation and strengthening......
The French government has asked the Inspection Générale des Finances to evaluate the economic consequences of extending the current national budget into 2027 if Parliament fails to approve a new finance law on time. According to officials from French Ministry of Economy and Finance, the......
Türkiye is seeking to strengthen its position in the global participation finance industry, with ambitions to rank among the world’s top five markets in the sector. The announcement was made by Mehmet Şimşek during the Participation Finance Summit held at the Istanbul......
Global asset management giant BlackRock is preparing to invest in a dollar-denominated bond issued by a subsidiary of India’s Shapoorji Pallonji Group, according to financial market sources familiar with the transaction. The planned investment could range between 100 million and 200 million U.S.......
Global debt has reached a new record of nearly $353 trillion, highlighting ongoing financial imbalances and shifting investor behavior, according to a new report from the Institute of International Finance (IIF). The report indicates that, while global borrowing continues to rise, investors are gradually......
UnionPay International has officially obtained Casablanca Finance City status for its Morocco branch, formally establishing the country as the Chinese payment network's regional headquarters for financial services across Africa. The company confirmed the designation in a press release issued Tuesday,......
Volkswagen AG is expected to see only limited financial relief even if it succeeds in securing refunds on U.S. import tariffs, according to the company’s chief financial officer. Speaking on Thursday, CFO Arno Antlitz said that any potential reimbursement linked to tariffs imposed by the United......
Mercedes-Benz has finalized an agreement to sell its leasing subsidiary Athlon to French banking group BNP Paribas, marking a strategic move to streamline its financial operations and strengthen liquidity. The German automotive manufacturer confirmed that the transaction was signed in April and is expected......