Saudi Arabia, the world’s largest oil producer, has opened Monday for the first time its stock market to foreign investors in a bid to attract more international capital to help the country diversify its economy and reduce its heavy dependence on oil. The stock market liberalization move comes following the sharp fall in oil prices […]
President Fattah al-Sisi has named head of the Armed Forces Engineering Authority Transport Minister in replacement of Hisham Arafat who stepped down late last month following a train accident that claimed the lives of 22 people. Kamel al-Wazir, a military general is the head of the Armed Forces Engineering Authority, one of companies responsible for […]
The European Union (EU) is planning to impose sanctions on any of the warring parties in Libya that refuses to agree to the U.N-brokered peace deal propelled by Special Envoy Bernardino Leon. E.U foreign policy chief Federica Mogherini has already discussed the matter with European foreign ministers and Leon. Details of the possible sanctions have […]
