Egypt is preparing to list stakes in several military-affiliated companies on the stock exchange, in a major step towards reducing state control and encouraging private sector participation in the economy. Prime Minister Mostafa Madbouly announced the move following the signing of an agreement between the Sovereign Fund of Egypt, the Armed Forces’ National Service Projects […]
Egypt signed two agreements worth $1.6 billion with international consortiums on the establishment of the superstructure, management, operation, exploitation, maintenance, and handing over of the container terminals at Ain Sokhna and Dekheila ports, the Arab country said in a statement on Wednesday. The first project will be implemented in the port of Sokhna between the […]
Nine Arab countries, including Morocco, have pulled out from the 4th Arab-African Summit in Malabo (Equatorial Guinea), in protest against the participation of the so-called self-proclaimed SADR in the event. The countries that withdrew from the summit in solidarity with Morocco are Saudi Arabia, United Arab Emirates, Bahrain, Qatar, Sultanate of Oman, Jordan, Yemen and […]
