alstom train

Russia’s withdrawal from Black Sea grains deal to hit hard Africa’s neediest

Parts of Africa and the Middle East will likely feel the impacts of Russia’s latest decision to withdraw from a pact that allowed Ukrainian grains to leave Black Sea ports. The Black Sea grains deal, brokered by the United Nations and Turkey last July, which has allowed more than 30 million tons to be exported […]

Morocco & EBRD discuss water projects & green economy

Visiting President of the European Bank for Reconstruction and Development (EBRD), Odile Renaud-Basso, conferred Thursday in Rabat with Head of Moroccan Govt. Aziz Akhannouch on partnership between the bank and Morocco in various sectors. Akhannouch hailed the EBRD’s investment and cooperation ties with Moroccan public and private institutions contributing to the country’s social and economic […]

Egypt: decline in Hermes profits

One of the biggest investment bank in Egypt has reported an 18.8 % decline in its net profit for the first nine months which fell to 232.1 million Egyptian pounds ($38 million) from 286 million pounds. EFG Hermes made this announcement in report of its third quarter consolidated financial results. EFG Hermes said its net […]