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Gulf states expand economic influence in Africa, challenging European dominance — ECFR report

In recent years, the Gulf monarchies have pivoted towards a more geo-economic strategy in Africa, diversifying their engagements from security and political interests to economic development, says a new report by the European Council on Foreign Relation (ECFR), noting that the Gulf expansion could also exacerbate the ongoing decline in European involvement in the continent. […]

OCP plans international bond worth up to $2 bln to fund development plan

Morocco’s phosphates and fertilizers giant, OCP, plans a bond issue ranging between $1.5 billion and $2 billion as it launched major investments in renewable energies, desalination, green hydrogen, and ammonia. The news, relayed by Medias24 and major news agencies, marks the first bond by OCP since it announced an ambitious growth strategy of about $12 […]

Egypt: 3month successful stock market gains ends

Stock markets in Egypt suffered another major loss with fingers pointing at different reasons after a successful 3month recording of gains. The main index slide by 3,5% but the Egyptian pound rose against the US dollar. Investors are skeptical about Egypt’s future especially with the fast approaching May presidential elections coupled with the continuous violence […]