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Business Egypt Features Finance Headlines

Egypt, Saudi Arabia ink deals for industrial cooperation

North Africa Post

Egypt and Saudi Arabia signed Sunday two deals for industrial cooperation covering non-oil exports and auto industry, Ahram Online reports. The first Memorandum of understanding (MoU) involved the export authorities of both countries to boost cooperation on non-oil exports. The second deal is signed between Saudi National Industrial Development Centre and Egyptian consumer finance company […]
Europe Finance Headlines International Morocco

KfW provides Morocco over €52 Mln for new drinking water projects

North Africa Post

Germany’s Development Bank (KfW) will provide Morocco’s National Office of Electricity and Drinking Water (ONEE) additional €52.6 million including €3.1 million grant for drinking water projects to be carried out in the North African Kingdom. The new funding and grant agreements were signed Tuesday by ONEE Chief Abderrahim El Hafidi and KfW Director Water & […]
Algeria Headlines Maghreb Morocco

Algeria takes aim at consular ties with Morocco, in new diversionary maneuver

North Africa Post

Algeria has declared Morocco’s consul to Oran persona non grata without offering whatsoever explanation, in yet another diversionary tactic at a context Algiers is engulfed in diplomatic turmoil. The decision came the same day Algeria handed a five-year jail sentence to a writer who recalled that France amputated lands and attached them to current Algeria. […]