sissi-ksa

Libya: Qatar’s QNB sells shares in Bank of Commerce & Development

Qatar’s National Bank (QNB) has relinquished its shares in Libya’s largest private bank, Bank of Commerce & Development. Bank of Commerce & Development in statement said it bought QNB’s equities, 49 per cent, Libya Observer reported. Libyan investors acquired the equities, according to the bank. QNB announced six months ago it was pulling out of […]

Morocco seeks 60,000 tons of rail for Marrakech TGV

Morocco has launched a tender for 60,000 tons of rail to extend Africa’s fastest train to Marrakech. Morocco has inaugurated the high-speed train, known as TGV or Bourak in Arabic, in 2018 linking Casablanca to Tangier. The new railway would cost 612 million dirhams ($62 million), Moroccan state-owned rail operator ONCF said. Morocco’s extension of […]

Russia’s ‘Africa Corps’ takes over Wagner Group’s lucrative operations on the continent

Moscow has effectively dismantled and largely taken over the Wagner Group and its African operations, once led by Yevgeny Prigozhin, in the year since the mercenaries launched a mutiny against President Vladimir Putin’s government, according to experts. For years, the Kremlin worked through the paramilitary group to covertly prop up authoritarian leaders, exploit natural resources, […]