Saham

EU to loan Egypt €1.1bn for financing three transport projects

The European Investment Bank (EIB) will loan Egypt by year’s end €1.1 billion in form of financing package for the implementation of three transport projects in the Arab country. The package will come in two installments. The first tranche will take place in December and valued at €600 million, the Egyptian cabinet said in a […]

CAF declares RS Berkane winner, subjects Algeria’s USMA to sanctions

RS Berkane was declared winner of an African Confederation Cup game opposing it to USM Alger although it did not play due to Algerian authorities’ refusal to hand them their jerseys. Algerian customs withheld jerseys because they bore the full map of Morocco including the Saharan provinces. CAF had asked Algerian football federation to make […]

Egypt halts fertilizer production amid Israeli gas disruption triggered by Iran strikes

Egyptian fertilizer manufacturers were forced to suspend operations over the weekend after a major drop in natural gas imports from Israel, industry sources told Reuters. The disruption followed Israel’s military strikes on Iranian nuclear facilities, prompting the shutdown of key Israeli gas fields, including Leviathan and Karish. In response, Egypt’s Petroleum Ministry activated an emergency […]