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South Korea will provide Egypt with a loan worth $250 million for the railway modernization project, as part of efforts to promote economic cooperation with Cairo, Arab Finance notes, citing the Ministry of Finance. The Economic Development Cooperation Fund (EDCF) Read more
King Mohammed VI has expressed his condolences and sincere feelings of compassion following the death of Abdelaziz Bouteflika in messages he sent to the Algerian Head of State and to the family members of the former President who passed away Read more
Egypt will begin exporting from October this year up to 3,000 MW/h of electricity to Cyprus and Greece, the Arab republic’s electricity ministry said in a statement. The department headed by Mohamed Shaker, did provide details on revenues that the Read more
American alternative investment management company, Blackstone, is in advanced talks to acquire Dubai-headquartered VFS Global, the world’s largest visa outsourcing company, for $1-1.2 billion, reports say. Both sides, Zawya notes citing India’s Economic Times website, have completed the due diligence Read more
Tunisia has been selected to host the 2024 Organic World Congress, an event organized every three years by the International Federation of Organic Agriculture Movements (IFOAM), the state-run news agency TAP reports. Tunisia garnered a total of 60 votes, or Read more
The European Bank for Reconstruction and Development (EBRD) has granted Egypt a loan worth €25 million for financing the country’s first dry port in the city of 6th of October, reports say. The financial facility will cover the design, development, Read more
The leader of the terrorist group Islamic State in the Greater Sahara (ISGS) and polisario mercenary, Adnan Abu Walid al-Sahrawi, was killed by French forces, French President Emmanuel Macron announced on Twitter on Wednesday night stating that “This is another Read more
De Mistura’s appointment, as personal envoy to Western Sahara, is set to be announced in the coming hours, following the approval of the Security Council’s members. UN Secretary General Antonio Guterres initiated negotiations with Security Council members for the appointment Read more
The office of Tunisian President Kais Saied announced Monday the dismissal of Sihem Ayadi, the country’s caretaker minister of Youth Affairs, Sport and Workforce Development, in continuity of the leader’s purge campaign. The office did not provide explanation for the Read more
Enwan Developments, real estate developer in Egypt, will launch the first technology mall, Pixel Technology Mall, in the Downtown area in the new administrative capital (NAC) with total investments worth around $19 million, reports say. The mall will serve the Read more