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Egypt: EGPC to convert petroleum debts into bonds

Authorities overseeing the Egyptian General Petroleum Corporation (EGPC) are considering the conversion of their debts of more than $5 billion into bonds. The idea came as proposals and discussions with the Egyptian Central Bank to scrutinize it have resulted in a positive outcome. These debts are owed to foreign oil companies operating in the country. […]

UN-Sahara: Algeria’s primary responsibility in the dispute is irrefutable – Diplomat

Morocco’s Permanent Representative to the UN, Omar Hilale, underlined before the 4th Committee of the UN General Assembly that Algeria’s role in the Sahara conflict is “irrefutable”, saying that “Algeria’s primary responsibility in creating and maintaining the regional dispute over the Moroccan Sahara is proven at all political, diplomatic, military, legal and humanitarian levels. Whether […]

Saudi Tamer Healthcare company near acquisition of 30 per cent of Egypt’s UCP

Tamer Healthcare, Saudi leading healthcare and wellness group, is close to getting 30 per cent of shares of Egyptian United Company of Pharmacists (UCP) for a transaction estimated at $35 million, reports say. The US-based AmerisourceBergen is relinquishing 30 per cent of its 50 per cent of UCP to Tamer, a source told Asharq Business, […]