China’s OPPO mulls plans to set up $20m worth smart phone producing factory in Egypt

Chinese consumer electronics manufacturer OPPO is considering setting up a smart phone producing plant in Egypt with a total investment of $20 million, the CEO of the General Authority for Investment and Free Zones (GAFI) Hossam Heiba said Sunday. The venture Heiba added during a meeting with Prime Minister Mostafa Madbouly will generate 650 jobs. […]

Tough Days Ahead for Algeria’s Currency

The health of Algeria’s currency, the dinar, has always been measured against oil prices. The end of the era of expensive oil in late 2014 has sent the dinar dwindling in value as Algeria continues to squander its oil mantra avoiding painful reforms to diversify its economy. Since the beginning of this year, the dinar […]

Egypt sends soldiers to Syria to bolster embattled President Assad

Egypt has sent around 150 soldiers to Syria to support forces of President Bashar al Assad, Anadolu news agency reports, citing military sources. The soldiers had been sent to Aleppo countryside, Idlib area, in coordination with Iranian Revolutionary Guards via Hama Military Airport, the agency notes. They were subsequently deployed in the Khan al-Asal area […]