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Egypt to float military-owned firms as part of economic reform drive

Egypt is preparing to list stakes in several military-affiliated companies on the stock exchange, in a major step towards reducing state control and encouraging private sector participation in the economy. Prime Minister Mostafa Madbouly announced the move following the signing of an agreement between the Sovereign Fund of Egypt, the Armed Forces’ National Service Projects […]

Morocco plans to develop long-range passenger ferries

Morocco is ready to support the private sector in order to develop national long-range passenger ships linking Moroccan ports to European peers, transport minister Abdelkader Amara said. Morocco already has a fleet that links Moroccan cities to southern Spanish ports but passenger traffic between the two countries has been cancelled this year due to Covid-19, […]

Algeria kneels to Spain, accepts deported migrants in return for improved ties

The Algerian regime, which is reeling under growing international isolation, has agreed to take back thousands of illegal migrants from Spain to break the ice and mend relationship with Madrid. According to Spanish press reports, the Algerian authorities have received lately the first group of illegal migrants including minors following months of diplomatic brawl over […]