The Friday airstrike by the US on a house in Sabratha allegedly used by militants of the Islamic State led to controversial statements from the country’s two political authorities. The government in Tripoli led by Prime Minister Khalifa Ghwell welcomed the airstrikes while the Thinni-led government in Tobruk condemned the raids as a deliberate violation […]
Ahead of a third consultative committee meeting for the formation of a national unity government scheduled to take place on Friday, President Rached Ghannouchi of the Ennahda Movement stated that “stakeholders in consultations agreed to close the file and announce the new government by July 25.” Chief Adviser to President Essebsi, Mohammed Ridha Chalghoum, said […]
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 […]
