The inhumane conditions imposed on thousands of Sahraouis held against their will in the Polisario-run camps of Tindouf in Algeria, coupled with a bloody crackdown on dissent, are creating conditions auguring for violent uprising. This week, disenchanted youth from Oulad Tidrarine tribe revolted against the Polisario militias, torching vehicles and exchanging fire in full media […]
Lockheed Martin Aeronautics Corporation struck a 16.3-million-dollar contract to upgrade Morocco’s F-16 fighter jets, the US defense department announced. The contract is part of a 55.6-million-dollar deal to upgrade Singaporean, Moroccan and Taiwanese F-16 aircraft, the same source said. Works under the Moroccan contract will be completed by June 9, 2019, the same source added. […]
EFG Hermes, Egypt’s biggest investment bank, has completed its takeover of state-owned Arab Investment Bank for an undisclosed transaction. EFG Hermes, Arab News reports, agreed to purchase a 51% stake in the bank in May, with the Sovereign Fund of Egypt also acquiring a 25% stake and the current owner, Egypt’s state-owned National Investment Bank […]
