PPS Central Committee Nabil-Benabdellah

EBRD Supports Egypt International Trade With $50 Mln Loan

The European Bank for Reconstruction and Development (EBRD) has lent the National bank of Egypt (NBE) US$ 50 million to help and encourage Egyptian companies engage more in international trade operations. This trade credit line is the second part of a US $ 100 million facility, the first part of which comprised a US$ 50 […]

Romania: Morocco’s OCP to Create Joint Fertilizer Company with Emirati Al Dahra

Office chérifien des phosphates (OCP), Morocco’s phosphate group, will soon open a fertilizer company in Romania in conjunction with Al Dahra, an Emirati multinational agribusiness group, reports say. OCP and al Dahra will set up South East European Fertilizer Company (SEEFCO) with a capital estimated at $5 billion. The Moroccan government’s approval of the operation, […]

Oil-drilling vessel capsizes in Gulf of Suez, leaving four dead and four missing

At least four crew members have been confirmed dead and four others remain missing after an oil-drilling ship capsized on Tuesday evening off the coast of Ras Ghareb in Egypt’s Gulf of Suez. The vessel, which had 30 workers aboard, overturned near Gabel el-Zeit, a key oil production hub roughly 300 kilometres south of the […]