Emirates NBD, the largest bank in Dubai by assets, has commenced due diligence on a potential acquisition of a stake in Banque du Caire, Egypt’s sixth-largest commercial bank. This acquisition is part of Egypt’s ongoing efforts to privatize state-owned businesses as the country seeks to raise up to $2.5 billion in its 2024-2025 fiscal year. […]
Abderrahman El Youssoufi, the former leader of the Socialist Union of Popular Forces (USFP), who served as Prime Minister from 1998 to 2002, died this Friday morning at the age of 96 following a long illness, according to local media. El Youssoufi, an emblematic figure of the Moroccan left, passed away at a Casablanca Hospital […]
Japan will finance the construction of Cairo’s fourth metro line to the tune of $700 million. The announcement was made Sunday during a visit to Egypt by the Japanese Prime Minister Fumio Kishida. This Japanese investment is one of the largest packages to support the plan to develop transportation in Egypt. The fourth phase of […]
