AU-meeting

UAE investors to build two desalination plants in Moroccan Sahara

Emirati firms Metito Utilities and Tahliya have announced in Dubai plans to build two seawater desalination plants powered with renewable energy in the Moroccan Sahara. The announcement was made Thursday on the sidelines of COP28 currently held in the UAE. It comes after the Declaration signed by King Mohammed VI and Sheikh Mohamed bin Zayed […]

Egypt moves forward with privatization as Emirates NBD eyes Banque du Caire

Emirates NBD, the largest bank in Dubai by assets, has commenced due diligence on a potential acquisition of a stake in Banque du Caire, Egypt’s sixth-largest commercial bank. This acquisition is part of Egypt’s ongoing efforts to privatize state-owned businesses as the country seeks to raise up to $2.5 billion in its 2024-2025 fiscal year. […]

African food crisis, Morocco comes to the rescue

The announcement by Morocco’s phosphates and fertilizers producer OCP to double its soil nutrient exports to Africa was a boon for a continent that bears the brunt of the surge in commodities prices due to the Russia-Ukraine war. OCP said last week it will bolster its fertilizers exports to Africa to 4 million tons in […]