King Mohammed VI of Morocco expresses sincere condolences at death of president of UAE, decrees three-day national mourning

King Mohammed VI, in his own name and on behalf of the royal family, and the entire Moroccan people, expressed his sincerest condolences and deep feelings of sympathy for the tragedy that befell the United Arab Emirates following the sad Read more

Egyptian-Kuwaiti Holding seals agreement with Germany’s HOMANN for manufacture of compressed wood

The Egyptian-Kuwaiti Holding Company signed a partnership agreement with the German HOMANN HOLZWERKSTOFFE, which works in the field of manufacturing compressed wood, reports say. Per the deal, HOMANN HOLZWERKSTOFFE will acquire 27% of the Egyptian-Kuwaiti Holding’s stake in its subsidiary Read more

EU unveils €60bn economic development plan for Gaza

The European Investment Bank (EIB), a financial arm of the European Union (EU), announced Thursday the provision of €60 billion ($62.58 billion) for economic development in Gaza, Arab News reports. EIB Vice President Gelsomina Vigliotti and EU representative Sven Kuhn Read more

Global Coalition to Defeat ISIS: concern over proliferation in Africa of separatist movements such as the Polisario, and their collusion with terrorism

The Ministerial Meeting of the Global Coalition to Defeat ISIS, which convened in Marrakech on Wednesday, issued a strong-worded final statement expressing concern over the proliferation of separatist movements in Africa, such as the Algeria-backed Polisario, and sounding the alarm Read more

European consortium pledges to invest $500m in development of second terminal at Egypt’s Damietta Port

A European consortium which includes the alliance of Eurojet Germany, Conchepe Italy and Habag Lloyd for International Shipping Lines agreed with Egyptian authorities to inject $500 million in the development of “Tahya Misr 1”; the second terminal at Damietta Port. Read more