Egypt to float military-owned firms as part of economic reform drive

Egypt is preparing to list stakes in several military-affiliated companies on the stock exchange, in a major step towards reducing state control and encouraging private sector participation in the economy. Prime Minister Mostafa Madbouly announced the move following the signing of an agreement between the Sovereign Fund of Egypt, the Armed Forces’ National Service Projects […]

Lebanon: Hezbollah’s response awaited after Nasrallah’s hailed potentials

Barely a week after the Secretary General of Hezbollah, Hassan Nasrallah, said in an interview that provoking the organization will lead to a dirty war because they have “weapons of all types” which have increased their resistance capability and increase their abilities to win a war, an Israeli air strike in Syria three days later […]

Libya: GNA forces snatch Sirte from terrorist groups

Libyan forces affiliated to UN-sponsored Government of National Accord (GNA) announced Monday total control of Muammar Gaddafi’s hometown of Sirte formerly administrated by the Islamic State group (IS) which overran city last year after taking advantage of rivalries between opposed Libyan factions. “Our forces have total control of Sirte,” Reda Issa, a spokesman for pro-government […]