Niamey-Niger President with -Bourita

Egypt’s biggest investment bank takes over state-run Arab Investment Bank

EFG Hermes, Egypt’s biggest investment bank, has completed its takeover of state-owned Arab Investment Bank for an undisclosed transaction. EFG Hermes, Arab News reports, agreed to purchase a 51% stake in the bank in May, with the Sovereign Fund of Egypt also acquiring a 25% stake and the current owner, Egypt’s state-owned National Investment Bank […]

Saudi, Qatari investors may follow UAE in ‘buying up’ Egypt’s coastline

Only days after the announced $35 billion deal with the UAE for the development of Ras al-Hekma on its Mediterranean coast, Egypt is reportedly also targeting investors from Qatar and Saudi Arabia offering them prime Red Sea coastal land in Ras al-Ghamila in South Sinai for sale as part of Cairo’s attempt to inject cash […]

Algeria: Former Islamist fighter announces debut into politics

Ex-notorious Algerian Islamist fighter of the 1990s revealed he will start a career into politics causing stirs into Algerian society still reminiscent of the 1990s “black years.” Madani Mezrag, a former Islamist who fought the Algerian government during the civil war of the past century, an nounced recently that he would set up a political […]