Salame

Renault considers closing Algeria plant after import restrictions

French automaker Renault is considering shutting down its plant in Algeria after authorities in the northern African country took measures to curb imports of car parts. The Algerian news agency APS said the French carmaker will close its plant next November after Algeria imposed measures to reduce bill of imports of semi knocked down and […]

Somalia’s banking: Turkish and Egyptian banks issued first post-war licenses

Central Bank of Somalia (CBS) has recently granted its first two foreign banking licenses — to Turkey’s Ziraat Katılım bank and Egypt’s Banque Misr — in decades as the country seeks to rebuild its financial sector and attract international investment. Both state-owned financial institutions were approved by Somalia’s central bank at the start of July. […]

Yemen: From Arab Military Action to Birth of Permanent Force?

As Saudi Arabia and its Arab allies joined forces to stop the Iran-backed Houthi Shiite insurgents from tightening their grip on the impoverished country, many analysts say this joint Arab move to defend the legitimate Yemeni government may lead to the creation of an Arab army, a dream which has so far been an elusive […]