The investment firm Qaala Holding, previously known under the name of Citadel Capital, sold its direct and indirect shareholdings in Pharos Holding for Financial Investments, which amount to 80%, in a deal of 40 million Egyptian pounds ($ 5.3 million). According to the company’s statement, the divestiture is part of its plans to sell non-core […]
In May 2012, leaders of the G8 countries met in France in order to discuss an eventual support of the ongoing revolutionary processes of the Arab Spring. Although a number of countries have already helped financially or otherwise, the current amounts of aid implicitly suggest that another Marshall Plan in not going to take place. […]
Morocco’s water reserves improved to 75%, securing needs of cities, agriculture and industry for at least 2 years, according to official data. Speaking at a conference organized by news agency MAP, water minister said recent rainfall secured enough water for irrigation for at least 2 years, while in some regions the rate increases to 5 […]
