Algeria’s President Abdelaziz Bouteflika last weekend dismissed two powerful army generals, the official news agency APS said. The generals, Said Bey and Lahbib Chentouf, had been in charge of the first and second military regions. Algeria is divided into six military regions. Algeria’s army has long been considered a behind-the-scene decision-maker. The presidency did not […]
OCP has signed a €80 million deal with Finland’s Outotec to build a sulphuric acid plant, an investment that comes only few days after the Moroccan phosphates exporter signed a €255 million agreement with Spain’s Intecsa to build two similar plants. The new plants will help OCP maintain leadership in the phosphates-based fertilizers market especially […]
Commercial International Bank or CIB, one of Egypt’s leading private banks, has signed up for a $150 million loan from the European Bank for Reconstruction and Development (EBRD) to cushion against economic risks, a bourse statement said. Per the statement, the loan has a maturity of 10 years and will be used to optimize the […]
