As part of a new strategic step aimed at strengthening economic cooperation and expanding prospects for partnerships and joint investments between the two sides, a Memorandum of Understanding was signed on Friday, September 26, 2025, between the Maghreb Bank for Investment and Foreign Trade (BMICE) and the Libyan Industry Union, at the Bank’s headquarters in Tunis.
The signing ceremony was attended by Dr. Fauzi ABOKHZAM, General Manager of the Maghreb Bank, Mr. Kamel HABBACHI, Deputy General Manager
, and Mr. Younes MASLOUMI, Director of Partnerships and Cooperation, in addition to several department heads of the Bank.
The Libyan Industry Union was represented at the ceremony by Mr. Salem Oneiba, Vice-Chairman of the Board of Directors, Mr. Abdel Salam Al-Ferjani, Board Member, and Mr. Ali Nasser, Executive Director of the Union, as well as Mr. Youssef Tantoush, Commercial Attaché at the Libyan Embassy in Tunis, and representatives of the Ministry of Economy and Trade of the Government of National Unity.
This agreement is of particular significance as it represents the first Memorandum of Understanding signed by the Maghreb Bank with a Libyan entity, especially in light of Libya’s substantial contribution to the Bank’s capital. It reflects the depth of economic relations between the two parties and reinforces the drive toward building effective development partnerships at the Maghreb level.
The Memorandum aims to strengthen industrial financing and develop innovative financial instruments that support Libyan productive projects, enable the industrial sector to play its role as a key driver of the national economy, and encourage joint investments as well as the exchange of technical and managerial expertise.
Participants at the signing ceremony emphasized that this step marks the starting point for long-term strategic cooperation between the two institutions, contributing to economic growth, diversification of income sources, and enhanced economic integration among Maghreb countries.