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Egypt : Qaala Holding divests stake in Pharos at $ 5.3 million deal

The investment firm Qaala Holding, previously known under the name of Citadel Capital, sold its direct and indirect shareholdings in Pharos Holding for Financial Investments, which amount to 80%, in a deal of 40 million Egyptian pounds ($ 5.3 million). According to the company’s statement, the divestiture is part of its plans to sell non-core […]

Kais Saied lifts house arrest ban imposed on key figures

Tunisia’s President Kais Saied has abandoned the house arrest ban imposed on several key figures suspected for corruption and other related offenses. Chawki Tabib, former head of the country’s anti-corruption Monday on Facebook said an official decision stemming from the interior ministry cancelled the order to keep him under house arrest. “I was informed a […]

Tunisia: Bakers on strike over state’s refusal to pay €78 million subsidies; night protests continue for fifth day

Tunisian bakers have gone on strike across Tunisia to protest against the government’s reluctance to disburse around 78 million euros (TND250 million) in form of subsidy. The union of bakers of the North African country issued the strike order Tuesday. Mohamed Bouanen, the chair of the union told local media Express FM, that bakers are […]