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, […]

Corruption costs Moroccan economy up to 7% of GDP annually – Finance Minister

It is hard to exactly calculate the impact of corruption on the Moroccan economy which Finance Minister Mohamed Benchaaboun said it rips the country of 2 to 7% of GDP annually. Briefing MPs on a law on the national body for integrity and the fight against corruption, the Minister said that a law will be […]

Libya: US Launches Airstrikes against ISIS in Sirte

At the request of UN-backed Libyan unity government in Tripoli, the US launched airstrikes against ISIS positions in the strategic port city of Sirte to enable local government forces make a decisive and strategic advance to capture the city wherein jihadist fighters are entrenched. According to the Pentagon press secretary Peter Cook, US operated aircraft […]