Egypt moves forward with privatization as Emirates NBD eyes Banque du Caire

Emirates NBD, the largest bank in Dubai by assets, has commenced due diligence on a potential acquisition of a stake in Banque du Caire, Egypt’s sixth-largest commercial bank. This acquisition is part of Egypt’s ongoing efforts to privatize state-owned businesses as the country seeks to raise up to $2.5 billion in its 2024-2025 fiscal year. […]

Libya: Canadian Government Accuses Business Group of Breaching Embargo

The Canadian government Monday urged the country’s law enforcement authorities to look into UN allegations that the Canadian Streit Group illegally shipped armoured vehicles to Libya, breaching the UN embargo in the North African country. A report issued by UN experts monitoring the UN-imposed embargo on Libya has accused Streit Group of Canadian businessman Guerman […]

Fès mobilizes €56 million for urban transport modernization

The city of Fès is establishing a local development company dedicated to urban and interurban mobility, with an investment program of 566 million dirhams over 2025-2035 to address transportation challenges in Morocco’s spiritual capital. “Fès Mobilité SA” will launch with a 5-million dirhams initial capital, with Fès municipality holding 89.99% ownership alongside the Fès-Meknès regional […]