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Egypt : Qaala Holding divests stake in Pharos at $ 5.3 million deal
The investment firm Qaala Holding, previously known under the name of Citadel Capital, sold its direct and indirect shareholdings in Pharos Holding for Financial Investments, which amount to 80%, in a deal of 40 million Egyptian pounds ($ 5.3 million). According to the company’s statement, the divestiture is part of its plans to sell non-core […]
Kuwait’s Emir appoints new Prime Minister by decree
The Emir of Kuwait has named Sheikh Ahmad Nawaf Al-Sabah as Prime minister on Sunday, replacing caretaker Sheikh Sabah Al-Khalid. Sheikh Ahmad had previously served in similar capacity. He was deputy Prime Minister and Interior minister in the outgoing government, which had submitted its resignation in April. Prior to those positions, he became deputy head […]
Former British diplomat views Morocco as a rising power
Former British Foreign Service Officer, Arthur Snell, has described Morocco as a rising power, saying the country, which was rocked last month by powerful quake, remains undeterred and is now preparing to host the IMF-WB annual meetings from 9 to 15 October 2023. In an Op-Ed posted by U.S. Newsmax TV channel, Mr. Snell, who […]



