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Egypt’s central bank hires Barclays Bank to advise on sale of stakes in United Bank

The Central Bank of Egypt (CBE) has handpicked Barclays Bank as an international sell-side advisor for the sale of its 99% stake in the state-owned United Bank, Egypt Today reports. Barclays will work alongside local financial advisor, CI Capital, the media also notes. United Bank is one of the 32 state-owned companies the Egyptian government […]

Morocco among top 10 on Climate Change Performance Index 2021

The kingdom of Morocco has featured among top ten countries on Climate Change Performance Index (CCPI) 2021, a position making the North African country one of the three world’s smaller countries to have made progress in reducing carbon emission. The Arab country occupies the seventh spot right behind respectively Sweden (4th), United Kingdom (5th) and […]

Uganda’s IS-linked militants kill scores of villagers in east Congo attacks

Suspected Islamist militants killed at least 40 civilians in a string of attacks on several villages in east Democratic Republic of Congo over the past few days, according a local human rights group and a hospital worker. Assailants, believed to be members of the Allied Democratic Forces (ADF), first targeted a group of villagers from […]