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Libya to hold municipal elections in 51 councils on August 16, HNEC confirms

Libya’s High National Elections Commission (HNEC) has announced that municipal council elections for a second group of 51 municipalities will be held on August 16. The group comprises councils whose mandates have expired and newly formed municipalities. According to the HNEC, polling stations will operate from 9:00 a.m. to 6:00 p.m. In preparation, the Commission […]

Mohammed VI Fund for Investment, EIB sign new €500M financing package

the European Investment Bank (EIB) will extend the Mohammed VI Fund for Investment (FM6I) a new financing package worth €500 million. The Mohammed VI Fund for Investment (FM6I) and the European Investment Bank (EIB) have signed a mandate letter covering a financing package of 500 million euros for the Fund. The financing-related mandate letter, signed […]

UAE’s Etisalat acquires additional stake in Maroc Telecom under a $500 million deal

Etisalat, the UAE’s biggest telecoms operator, increased its ownership in Etisalat Investment North Africa to 100 per cent by acquiring the Abu Dhabi Fund for Development’s 8.7 per cent stake in EINA, Etisalat said in a regulatory filing on Tuesday.   The deal increases Etisalat Group’s effective ownership in Maroc Telecom Group to 53 per […]