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Egypt Gets € 55 Mln EBRD Loan for two wastewater projects
Egypt has received a financial support from the European Bank for Reconstruction and Development (EBRD) which provided the most populous Arab country a € 55 million loan for the construction of two new wastewater plants. The money will also fund the expansion of three existing plants and the installation of 700 km of pipes and […]
GCC gives Algeria cold shower ahead of Arab Summit
Countries of the Gulf Cooperation Council have sent a strong blow to Algeria’s attempt to make of the next Arab Summit it plans to host an anti-Moroccan event. In unequivocal terms, the GCC reiterated support to Morocco’s sovereignty over the Sahara, to the latest UN Security Council resolution which calls for a mutually acceptable solution […]
Saudi Arabia’s PIF acquires shares in Alphabet, Zoom Video and Microsoft
Saudi Arabia’s Public Investment Fund bought shares in Alphabet, Zoom Video and Microsoft as part of a wider pick of US stocks, bringing the sovereign wealth fund’s second-quarter investments to about $40.8 billion, Arab Finance reports. A filing from US Securities and Exchange Commission indicated that PIF acquired 213,000 class A shares in Alphabet; 4.7 […]



