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Turkey’s Tosyalı Holding to launch economic zone in Senegal

Tosyali Holding, one of the world’s leading steel giants, has announced it will open an economic zone in Senegal, the second African country to offer investment opportunities for the Turkish company after Algeria. Fuat Tosyalı, Chairman of the Turkish steel producer, made the announcement last week on the sideline of the 7th Tokyo International Conference […]

AQIM leader and Algeria’s ally Iyad Ag Ghali wanted by ICC

The International Criminal Court (ICC) issued an arrest warrant against terrorist leader Iyad Ag Ghaly and urged states to cooperate to bring him before justice, in a clear allusion to Algeria. Ghaly is wanted for war crimes and crimes against humanity committed in northern Mali between January 2012 and January 2013. A Tuareg descendant of […]

Fitch downgrades four Egyptian banks’ Issuer Default Ratings to “B”

Earlier this May, Fitch downgraded Egypt’s sovereign rating to “B” with a negative outlook. Three of the four banks, whose ratings it downgraded, are public banks exposed to the state. Rating agency Fitch downgraded on May 17 the credit ratings of four major Egyptian banks, namely The National Bank of Egypt (NBE), Banque Misr, Banque […]