Tunisia New Government

Automotive: Chinese Jiangsu Yunyi Electric Invests $66 Mln in Tangier Factory

Jiangsu Yunyi Electric Company, a high-tech Chinese manufacturer specializing in automotive electronic components, has announced plans to invest $66 million in a production site in Tangier, Morocco’s automotive hub. In a press release, the Company says the Tangier plant will be an important overseas production base, leveraging local resources enhancing Jiangsu’s global competitiveness and medium- […]

Arab countries uncomfortable with Algeria hosting Arab League Summit

Arab states continue to show little or no enthusiasm for an Arab Summit that was due to take place in Algeria last March but has never taken place. At an Arab Summit meeting, Algerian foreign minister Ramtane Lamamra begged Arab heads of states to attend the summit which is now seen by many diplomats as […]

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 […]