Egypt is preparing to list stakes in several military-affiliated companies on the stock exchange, in a major step towards reducing state control and encouraging private sector participation in the economy. Prime Minister Mostafa Madbouly announced the move following the signing of an agreement between the Sovereign Fund of Egypt, the Armed Forces’ National Service Projects […]
ConocoPhilips has announced the sale of its subsidiary in the North African country of Algeria in a deal worth more than a billion dollar. According to the announcement from the company, it has agreed to sell its Algerian business unit for a total of US $1.75 billion plus customary adjustments to Pertamina. The deal involves […]
International NGOs are warning of a worsening refugee crisis in Libya as nearly 100,000 fled violence in war-torn Sudan to seek relative safety in conflict-stricken Libya. The International Rescue Committee (IRC) announced an emergency response to help nearly 100,000 Sudanese in Libya with 2,500 to 3,000 more people expected to reach the region daily in […]
