Libyan NOC

DRC bans ex-president Kabila’s party over allegations of rebel ties

The Democratic Republic of Congo (DRC) has suspended the political party of former president Joseph Kabila, accusing him of high treason over alleged links to the Rwanda-backed M23 rebel group. The Interior Ministry announced the suspension of Kabila’s People’s Party for Reconstruction and Democracy (PPRD) and ordered the seizure of assets belonging to him and […]

Concord International Investment mulls plans to set up healthcare investment company in Egypt

Concord International Investments, a company providing investment management and supervisory services to high-net-worth individuals, banks, thrift institutions, and other investment companies from its headquarters in New York, is planning to establish a healthcare investment company in Egypt with a capital of $40 million. Chairman Mohamed Younes has told Asharq Business that investments will be directed […]

S&P maintains Morocco’s rating at BB+/B with a stable outlook

Credit rating agency Standard & Poor’s Global Ratings has maintained Morocco’s sovereign credit rating at BB+/B with a “stable outlook”, attributed to the country’s ongoing structural reforms that will support robust economic growth. “The stable outlook on Morocco reflects our expectation that ongoing structural reforms will support robust economic growth and help counterbalance external and […]