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On High Instructions of King Mohammed VI of Morocco, Supreme Commander and Chief of General Staff of the Royal Armed Forces, the combined Moroccan-American exercise “African Lion 2021” was launched Monday in Agadir. This exercise will continue until June 18, Read more
Saudi Arabia’s Vision Fund is set to make an investment in a local messaging startup, representing the fund’s first investment in a local company, Arab News reports. Without giving more details the fund CEO Rajeev Misra told the media that Read more
Saudi Arabia will Thursday launch in Geneva the “Riyadh Initiative” aimed at establishing a global network of operations to exchange information between anti-corruption agencies, Arab News reports. The initiative aims at developing a rapid and effective tool to combat cross-border Read more
Iranian President Hassan Rouhani has sacked the governor of the Central Bank, Abdel Nasser Humati, who is running next month presidential elections, reports say. Humati, who assumed the position, reportedly agreed to step down after President Rouhani told him will Read more
The kingdom of Morocco has emerged as one of the leading international investors in Africa with foreign direct investment (FDI) valued at about $4 billion according a report by the Moroccan Agency for Development of Investment and export (AMDIE) and Read more
Egypt and Kenya Wednesday signed a defense cooperation agreement aiming at deepening partnership in matters of mutual benefit, the eastern African country said, Anadolu news agency reports. “During the bilateral defense talks, the parties signed a Technical Agreement on Defense Read more
Egypt secured Sunday a credit line worth €145 million from the African Development Bank (AfDB) to improve its railway system in the wake of a string of deadly train accidents. The financing was signed between the Minister of International Cooperation Read more
This is a new milestone in U.S.-Ethiopia relations. Washington has decided to impose sanctions against Ethiopian and Eritrean officials. First there will be visa restrictions, followed by heavy financial sanctions, including in the areas of security and economic assistance. The Read more
Qatar Sunday expressed support to Libya’s interim and unity government tasked to lead the oil-rich African country to democratic elections scheduled in December. Minister Sheikh Mohammed bin Abdulrahman Al-Thani, Qatar’s top diplomat and deputy Prime Minister met with Libyan authorities Read more
Egypt’s sovereign Fund (TSFE) and the Arab Republic-based financial service company EFG Hermes Holding have acquired 76 percent of Arab Investment Bank (AIB). The acquisition deal, EFG Hermes have the majority share of 51 percent and will increase the paid-up Read more