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New Appointments to Samba, Bank Nizwa, Saudi Tadawul and KIA

New executives have been appointed to lead Samba Financial Group and Bank Nizwa, the Saudi Stock Market (Tadawul) and the Kuwait Investment Authority.

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First Islamic Banking Licenses Issued in Morocco

Bank Al-Maghrib, the Moroccan Central Bank, has given permission for five local banks to establish Islamic banks in partnership with foreign institutions. This is the first time that it has issued licenses for Islamic banks. It has also authorised three more local banks to offer Islamic financial products. 

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