North Africa Post
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Business Headlines Morocco

Morocco’s SGTM–Somagec poised to win Dakhla port bid

North Africa Post

Morocco’s SGTM Somagec was retained as the only candidate for the flagship project of Dakhla port, key to Morocco’s development plan for the Saharan provinces. Equipment ministry confirmed the news to multiple Moroccan media which reported that the winner will be officially unveiled after assessment of the technical and financial offer. The Moroccan firm was […]
Egypt Headlines

Egypt nabs renowned businessman for funding unlicensed excavation of antiquities

North Africa Post

The Egyptian police arrested Tuesday businessman and ex-owner of Mehwar satellite channel Hassan Rateb on accusation of funding unlicensed excavation of antiquities, a crime amounting to life imprisonment. Rateb has been named in an investigation of former lawmaker Alaa Hassanin who was also arrested last week and accused of leading a gang to dig for […]
Egypt Headlines

Egypt concludes deal for the Al Nouran Sugar Project

North Africa Post

The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank Group, and the Egyptian government have reached a financial and initial working capital terms agreement in Cairo. The agreement is essential for works on the Al Nouran Sugar Project, where an amount of $372 million […]