The bilateral talks held Tuesday in Lisbon between the UN Secretary-General’s personal envoy for the Sahara, Horst Kohler, and a Moroccan delegation, led by Foreign Minister Nasser Bourita, were “rich” and “fruitful”. The description was made by Nasser Bourita who pointed out that “overall, the discussions took place in an atmosphere of serenity and the debates […]
As a state entertaining a rentier economy, Algeria has long sought to gain influence in Africa and the Arab region through cash handouts during the era of expensive oil. After years of diplomatic lethargy during the Bouteflika era, the recycled military regime tries the same recipe, yet money has run out. Algeria first donated 100 […]
EFG Hermes, Egypt’s biggest investment bank, has completed its takeover of state-owned Arab Investment Bank for an undisclosed transaction. EFG Hermes, Arab News reports, agreed to purchase a 51% stake in the bank in May, with the Sovereign Fund of Egypt also acquiring a 25% stake and the current owner, Egypt’s state-owned National Investment Bank […]
