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Egypt’s Suez Canal Bank to pull out of Middle East Oil Refinery

The publicly listed company, Suez Canal Bank, says it will withdraw entirely from Middle East Oil Refinery (Midor), Zawya reports. The operation will generate $30.4 million for Suez Canal Bank as 1.27 percent stake (560,000 shares) will be sold to Egyptian General Petroleum Corporation (EGPC) at $54.7 per share. The financial service institution posted a […]

Bolivia’s new Sahara posture aligns with global tilt toward Morocco’s autonomy plan

Bolivia has suspended its recognition of the self-proclaimed and Algeria-sponsored SADR separatist entity and restored diplomatic relations with Morocco, positioning its policy with the UN-led process that emphasizes a “realistic, pragmatic and lasting” solution to the Sahara dispute. La Paz announced the shift on Feb. 24 after a call between Foreign Minister Fernando Aramayo and […]

Former Tunisian PM denies claims he embezzled British grant

Youssef Chahed, a former Tunisian Prime Minister denied media reports that he misused in 2018 a British grant for his own benefit, during his term in office, Business News reports. “The government never received any money or British donation of $18 million. This is all a work of pure imagination,” Chahed who led the country […]