Financial and Banking News
Joint Moroccan-Libyan Investment Company Formed
A joint Moroccan-Libyan investment company, called Salima, was formed under the terms of an agreement signed in Rabat on 22 September. The company has a capital of Dh400mn ($38.5mn) subscribed by the Moroccan Ministry of Finance and the Libyan Arab Foreign Investment Company (Lafico). Its brief is to invest in development projects that benefit the two countries.