The European Bank for Reconstruction and Development (EBRD) has rubber-stamped the loan of $25 million for Egypt-based United Metals Company (UMC). The funding is aimed at backing the company’s working capital needs amidst the COVID-19 pandemic. The loan will enhance the Company’s financial resilience to withstand the potential negative implications of the COVID-19 pandemic through […]
Algerians go to the polls this Saturday in a presidential election taking place in “a steady erosion of human rights” under incumbent president, Abdelmadjid Tebboune, who is expected to win a second five-year term, said the Guardian. Youssef Aouchiche of the Socialist Forces Front (FFS) and Abdellah Hassan Cherif of the Movement of Society for […]
The Algerian government has given the green light for the construction of a $3.3 billion-deep-water port at the industrial zone of El Hamdania, 70km west of the capital Algiers, local media reported. The Algerian port will be developed by China Harbor Engineering, and China State Construction Engineering Corporation, which, combined, will hold a 49% stake […]
