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Saudi Arabia shelves plan to take over United Bank of Egypt over disagreement with Cairo

Saudi Arabia has put a plan by its sovereign wealth fund to acquire the United Bank of Egypt on hold because of a disagreement with the Egyptian authorities over its valuation, Reuters reports citing two sources familiar with the matter. The pause is unprecedented in the spree of investments done by the Gulf country in […]

Morocco’s Invitation to Algeria for Dialogue Falls on Deaf Ears

Algeria has not yet responded to Morocco’s invitation for a frank dialogue in order to mend bilateral relations and build a strong regional union. After no formal response was issued, some Algerian papers cited a senior official in the Algerian regime as qualifying the call for dialogue as a “non-event.” The same official reiterated his […]

Thousands of Moroccans protest against far-right in occupied Ceuta

Thousands of Moroccans in the occupied city of Ceuta took to the streets to vent their anger at the discriminatory policies of the ruling Vox far right party.   The march, bringing together at least 6000 people, was described as the largest in the enclave in the 21st century signaling the frustration of the Moroccans […]