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FINANCIAL NEWS
Morocco to sign $2.4b loan deal
24 Apr 2013
(MENAFN) A Moroccan official reported that his country is in the process of securing a loan plan from the Islamic Development Bank, under which Morocco would receive a total of USD2.4 billion, reported Reuters.
The loan would be handed over to Morocco over a period of four years, where the country would receive equal batches on an annual basis.
It is worth mentioning that the budget deficit of the North African country amounted to 2.2 percent of the GDP in the first quarter of 2013.
More News
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CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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