EU to devise new strategy to revive Israel-Palestine peace talks

The European Union is determined to play a new role to bring peace between Israelis and Palestinians after it concluded successfully with Iran an “impossible deal”. Chief of EU Foreign Policy Federica Mogherini announced on Monday the creation of an “International Support Group”. European leaders are convinced that if a deal could be reached with […]

Danish group to construct cement plant in El Jadida

The Denmark-based global engineering company FLSmidth will participate in the construction of a new cement plant in the region of El Jadida under a subcontracting deal with the Moroccan company TEKCIM. Tekcim had won the tender to build the MAD 2.6 billion ($274 million) cement plant in Ouled Ghanem in the province of El Jadida, […]

Egypt contemplating $2.5-bilion loan to address growing economic pressures

Egypt is considering taking a loan estimated at around $2.5 billion from regional and international lenders to tackle growing economic pressures, reports say. The government, Bloomberg has revealed citing sources familiar with the matter, is negotiating with regional and international banks over the details of the financing. The talks, the unnamed sources told the US […]