Technology giant, Samsung Electronics has announced that it will be establishing a factory in Egypt; making it the first of its kind by the company in the MENA region. The factory which will be located at the Kom Abu Radi Industrial Zone in Al Wasta City, Beni Suef will be covering 336,000m². The announcement was […]
The United States is trying to curb the flow of weapons to the Islamic State terror group’s affiliate in Somalia, taking aim at a smuggling operation that is also helping to arm its al-Qaida-linked rival, al-Shabab, with weapons from Iran. The US Treasury Department Tuesday announced sanctions against eight individuals and one company all involved […]
The political and economic crisis is worsening in Kais Saied’s Tunisia. The uncertainties and fears over the collapse of this country has pushed Fitch agency to downgrade its Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CCC-‘ from ‘CCC+’. The downgrade of Tunisia’s IDRs, which is becoming a failed state, comes after failure of Tunisia’s authorities […]
