Egypt’s biggest investment bank takes over state-run Arab Investment Bank

EFG Hermes, Egypt’s biggest investment bank, has completed its takeover of state-owned Arab Investment Bank for an undisclosed transaction. EFG Hermes, Arab News reports, agreed to purchase a 51% stake in the bank in May, with the Sovereign Fund of Egypt also acquiring a 25% stake and the current owner, Egypt’s state-owned National Investment Bank […]

Aeronautics: Over 150 companies operate in Morocco, generating $2.8 billion in Annual Revenue

Morocco is strengthening its position as a global aerospace hub with over 150 companies operating in the country and generating $2.8 billion in annual revenue, said Moroccan Minister of Industry & Commerce Ryad Mezzour at Paris Air Show 2025. The production sites are concentrated in Casablanca, Tangier, Rabat and Fez. They employ 26,000 individuals and […]

The Israeli-Palestinian solution will not come from outside, Netanyahu

French foreign minister Laurent Fabius met with Israel’s President Reuven Rivlin and Prime Minister Benjamin Netanyahu as well as with President Mahmoud Abbas of the Palestinian Authority as part of a Middle East tour geared towards the revival of talks between the parties. France’s stance in the Israeli-Palestinian conflict is seen as interference and contradictory […]