Gulf cooperation council summit

Egypt: reforming the financial sector before 2014

Chairman Sherif Samy of the Egyptian Financial Supervisory Authority (EFSA) has stated that the financial sector will be revised before the end of the year in order to ease and fasten the transactions. Capital markets in Egypt suffered deeply from the revolution which began in 2011 forcing several foreign portfolio managers to withdraw their money […]

EBRD invests in first Green Bond in Morocco’s railway company

The European Bank for Reconstruction and Development (EBRD) announced Friday a €19.2million investment in a certified green bond issue of €95 million by Moroccan national railway company, ONCF. The investment will serve to refinance debt used to build an electrified high-speed rail line in the country. The EBRD is the only international investor in the […]

Sudan terminates two memoranda of understanding signed with UAE before war

Sudan is stepping back from economic ties with the United Arab Emirates, with Government sources indicating early this week that Sudan may soon terminate multiple investment agreements with Abu Dhabi. This move, according to Sudanese officials, is driven by what they see as UAE interference in Sudan’s internal affairs, particularly through alleged support for the […]