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Egypt’s biggest investment bank takes over state-run Arab Investment Bank

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 […]

Emergency medical aid airlift to Tunisia continues

Four aircrafts of the Royal Air Force landed Monday morning at Tunis-Carthage international airport as part of the airlift carrying emergency medical aid ordered by King Mohammed VI for the benefit of Tunisia. Morocco has decided to send urgent aid to Tunisia after the country reached dramatic figures in terms of hospital occupancy and the […]

Trench Warfare at the Helm of the Algerian Regime

A silent struggle for power is brewing between different interest groups at the top of the Algerian regime ignited by the obvious deteriorating health of President Abdelaziz Bouteflika whose public appearances are a thing of the past. The media has long been speaking of a soft coup by the brother of the ailing President, Said […]