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OECD still downgrades its forecasts

The Organization for Economic Co-operation and Development (OECD) has called on states to avoid trade conflicts in a context marked by escalating trade tensions between the United States and China. On the sidelines of its annual meeting that opens Wednesday in Paris, the Organization called on states to avoid “emergency” …

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Funding: Congestion at the CCG Box Office

Without the support of the Central Guarantee Fund (CCG), more than 5,600 SMEs would probably not have been able to obtain financing from the banks. Firms receiving CCG support in the first quarter are three times larger compared to the first three months of 2018. Overwhelmed by requests, the fund …

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CIH: Net profit down in Q1-2019

In the first quarter of 2019, CIH Bank posted a net profit of 115.9 million dirhams, down 15.6% compared to the same period last year, the bank said. Net banking income amounted to MAD 518.3 million, up 6.4% compared to March 2018, the bank said after its board meeting. At …

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Attijariwafa bank nominated for the African Banker Awards

Attijariwafa bank (AWB) is among the nominees for the African Bank of the Year trophy. AWB is in competition with AfreximBank, Ecobank (Ethiopia), Equity Group (Kenya), Mauritius Commercial Bank (Mauritius) and Trade and Development Bank. It is the only Moroccan bank among the nominees in all categories. The African Banker …

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Egypt: Attijariwafa bank launches Africa Development Club

The Moroccan group Attijariwafa bank conducted, on Sunday night in Cairo, the official launch of the Africa Development Club-Egypt, conceived by the group as a center for reflection, services and investment. Speaking on this occasion, Mohamed El Kettani, President and CEO of Attijariwafa bank, stressed that the Africa Development Club …

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