North Africa Post
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Related Articles
Egypt Headlines

Egypt: OCI’s Amsterdam relocation gets green light

North Africa Post

Egypt’s Orascom Construction Industries (OCI) said shareholders had approved its offer to acquire its ordinary shares listed in Cairo in exchange for cash or OCI shares listed in Amsterdam. Shortly after the report, the company’s shares rose 1.7% to 267.86 Egyptian pounds at the close in the capital, the strongest since January 22nd. The stock […]
Europe Headlines International Libya

Libya: Italy Suspects ISIS-Mafia Oil Smuggling Deal

North Africa Post

Libya’s increasing oil exportations are beginning to raise eyebrows in Italy as authorities believe that the mafia is linking up with extremist groups loyal to the Islamic State group to smuggle crude oil from the Middle East into Italy. As Libya has been in turmoil for the past six years, it was, along with Nigeria, […]
Egypt Headlines

EBRD Lends Egypt € 290 Mln for Rail Modernization

North Africa Post

Millions of commuters across Egypt will benefit from a €290 million financing provided by the EBRD to support the Egyptian National Railways (ENR) in its fleet expansion and upgrade of services. As part of ENR’s locomotive renewal program, the EBRD will finance the acquisition of up to 100 new diesel locomotives under a supply-and-maintenance contract […]