Arab League headquarters

Saudi investment company in Egypt acquires minority stakes in 3 other listed companies

The recently-launched Saudi-Egyptian Investment Company (SEIC) has reportedly added three other Egyptian listed company to its portfolio after acquiring fertilizer giant MOPCO. Abu Qir Fertizilers and Chemical Industries, Alexandria Container and Cargo Handling and E-Finance for Financial and Digital Investments are the companies, Zawya reports citing Egypt’s planning ministry’s website. SEIC also reportedly acquired 25 […]

US Designates Group Led by Polisario Member a Terrorist Organization

The Department of State has designated ISIS in the Greater Sahara (also known as ISIS-GS) led by Polisario member Adnan Abu Walid al-Sahrawi as a Foreign Terrorist Organization. “Today’s designations notify the U.S. public and the international community that this group is a terrorist organization and this individual has committed or poses a significant risk […]

Kenya, Uganda revive SGR railway extension deal, mull joint resource mobilization

The governments of Kenya and Uganda have now revived the plans to build a standard gauge railway (SGR) between them, with each of them pursuing individual financing for their SGR portions, with Kenya signing commercial contracts and Uganda set to finalize its deal soon. These steps signal renewed efforts in both countries to upgrade infrastructure […]