Moroccan bank to open branch in USA

Moroccan business bank Upline Securities, based in Casablanca, is planning to open a branch in New York.

The bank, specialized in financial deals, said it wants to start operations with US financial institutions. It has already struck exclusive partnership with Auerbarch Gravson and Company Incorporated of brokerage and financial analyses.

The bank also said that in 1999 it obtained several awards and that it has been active in Tunisia, Jordan, Egypt and Palestine. It is also affiliated to the World Bank's International Finance Corporation.