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Business Egypt Finance Headlines

Russia to start financing industrial zone construction in Egypt from 2022

North Africa Post

Russia will start financing construction of the industrial zone in Egypt and is considering the use of such format in other countries, First Deputy Minister of Industry and Trade Vasily Osmakov said, Arab Finance reports citing TASS News agency. “We will start funding construction of the Russian industrial zone in Egypt from the next year. […]
Africa Features Headlines International

Sahel ‘at crossroads’: conflict-ridden region needs support to fight armed groups, warns UN

North Africa Post

International and regional efforts to combat armed groups linked to al-Qaeda, the Islamic State and other extremist groups have failed to stop their expansion in Africa’s Sahel region, a senior United Nations official has warned. The joint force set up in 2014 to combat groups linked to al-Qaida, ISIL (ISIS) and others in the Sahel, […]
Business Energy

Libya: Russian Oil Company resumes activity but security still to be consolidated

North Africa Post

Tatneft, a Russian oil company, has agreed to begin its operations again in Libya after the circumstances of the uprising against Ghadaffi no longer permitted its staff to continue with their daily activities at the Mellitah energy complex. The company said that its staff members have begun returning to the plant which is located in […]