Laayoune

Egypt moves forward with privatization as Emirates NBD eyes Banque du Caire

Emirates NBD, the largest bank in Dubai by assets, has commenced due diligence on a potential acquisition of a stake in Banque du Caire, Egypt’s sixth-largest commercial bank. This acquisition is part of Egypt’s ongoing efforts to privatize state-owned businesses as the country seeks to raise up to $2.5 billion in its 2024-2025 fiscal year. […]

Morocco’s competition regulator investigates potential violations by Glovo

The Moroccan branch of the food delivery platform GlovoApp is under formal investigation by the Competition Council for suspected anti-competitive practices. The probe centers on allegations of abuse of dominant market position and the use of predatory pricing strategies. Although the Council’s official statement did not name Glovo directly, sources confirm the company is the […]

Sudan rejects reports of Iran’s bid for Red Sea navy base, as Russian base is on hold

Sudan has dismissed all reports of Iran’s intention to establish a naval base on the country’s Red Sea coast, which comes at a time when the creation of the Russian Navy in the country has been postponed indefinitely due to the ongoing fighting. Sudanese Minister of Foreign Affairs Ali Al-Sadiq Ali was quoted by Sputnik […]