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Egypt: decline in Hermes profits
One of the biggest investment bank in Egypt has reported an 18.8 % decline in its net profit for the first nine months which fell to 232.1 million Egyptian pounds ($38 million) from 286 million pounds. EFG Hermes made this announcement in report of its third quarter consolidated financial results. EFG Hermes said its net […]
Nigeria’s naira plunges to record lows as citizens react to govt’s redesign plan
Nigeria’s currency, the naira, has dropped to a record low against the US dollar as Nigerians scramble to stockpile the greenback ahead of a redesign of naira notes. It has been just over a week since the Central Bank of Nigeria (CBN) announced its plan to redesign the country’s highest paper denominations – the 200-, […]
Flexible Brokerage: Qatar and Moroccan Diplomatic Relations
No tiny Arab country has ever gained more diplomatic leverage than Qatar in recent North African history. Since independence, only a few Arab regional powers had an overarching and successful influence in North Africa’s politics: Jamal Abdel Nasser’s Egypt and King Fahd’s Saudi Arabia were able to diplomatically twist – gently or otherwise – the […]



