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Nile River accord enters into force despite Egypt, Sudan objection

Six Nile upstream countries have ratified a deal dubbed The Nile River Basin Cooperative Framework (CFA) Agreement, which officially entered into force on October 13, despite objections by downstream countries: Egypt and Sudan. In a joint statement, Sudan and Egypt urged all Nile Basin states “to restore the integrity of the 1999 Nile Basin Initiative […]

Turkish Beko injects $100m in its projected plant in Egypt

Turkish major appliance and consumer electronics brand Beko indicated Thursday it has invested $100 million in the Egyptian market for their plant project. General Manager of Beko Egypt Umit Günel made the announcement in a press release. The company in December laid the foundation stone of its Beko Egypt factory. The plant is set to […]

AFESD Finances Dam & Road Projects in Morocco

The Arab Fund for Economic and Social Development (AFESD) has extended Morocco two loans totaling 72 million Kuwaiti dinars (about 2.27 bln MAD) to help finance two projects. The loans will finance the rehabilitation of the Mohammed V dam in eastern Morocco, and the construction of the Laayoune expressway bypass in the South. The first […]