Business Emerging Markets

Egypt’s economic transition faces new challenges

Several developments have marked Egypt’s economic circle from different spheres in recent times leaving negative marks on the country’s desire to revive its economy and political crisis. The Prime Minister Hisham Qandil affirmed that they are dealing with major economic and democratic transition challenges. He added that the government is working on achieving the people’s […]

Business Emerging Markets

Tunisia: Tunisiana almost owned by Qtel

The government has sold 15% of its stake in mobile operator Tunisiana to the Qatar based Qtel group. The conclusion of the deal raises the stake owned by Qtel group in Tunisiana to 90% if stakes acquired directly and through subsidiaries are taken into consideration. However, the Tunisian government still holds on the remaining 10% […]

Business Emerging Markets

Mauritania and Libya sign agreement

Relationships between Mauritania and Libya have become more active after the end of the Libyan uprising which started in Misrata and ended up uprooting Ghaddafi from power with the help of forces from the North Atlantic Treaty Organization. In a recent development, their chambers of commerce have decided to reinforce the interactions between the two […]

Business Emerging Markets

Algeria: Largest Regional Pharmacy

Algeria has already concluded four partnership agreements with French companies as the presidential visit goes on. The agreements cover areas like pharmaceutical, medical devices and food. Companies from the two countries will be going into joint ventures for the establishment of projects with investments rules fixed at 51%-49%, as stated in rules governing foreign investment […]

Business Emerging Markets

Greece focuses on Libyan opportunities

Greece will be looking forward to rejuvenate its ties with Libya when its foreign minister Dimitris Avramopoulos pays a visit to the country on Thursday. The two countries have been partners and have several bilateral agreements between them. During his visit, the officials will be concentrating on strengthening the Greek-Libyan cooperation in the various fields […]

Business Emerging Markets

Egypt: Gold exportation reactivated finally

The shipment load of 1,600 kilograms of gold extracted from the Sukari Gold Mine has finally left the shores of Egypt for Netherlands after being stooped from leaving since last week. The gold upon arrival at Netherlands will be purified and sold in the global market. Speaking about the blockade, the managing director of Centamin, […]

Business Emerging Markets

Swissport Enhances Its Presence in North Africa

Swissport International, a global provider of airport ground services, has been awarded lately a 5-year ground handling licence for Oran International Airport. It is the 2nd contract bagged by the company in Algeria and the third deal gained in North Africa after securing similar licences for Morocco’s major international airports. With these contracts in pocket, […]

Business Emerging Markets

Tunisia/Malta: memorandum of understanding on mutual cooperation

A Maltese business delegation has ended its visit to Tunisia and the meetings of the delegates with their Tunisian counterparts have already been described as a success. The visit which was organized by Malta Enterprise# in collaboration with the Maltese embassy in Tunis gave thirteen Maltese companies operating in a wide range of sectors including […]

Business Emerging Markets

Washington Wants Better & Sustained Growth in North Africa

The United States seeks to promote growth in North Africa through increasing regional integration and expanding trade relations, said U.S. assistant secretary for economic & business affairs, Jose Fernandez. In his opening keynote address at the U.S.-Morocco Business conference held Tuesday in Washington, Mr. Feznandez stressed the importance of North Africa for the U.S. administration […]

Business Emerging Markets

Tunisia and Algeria urge for exploitation

The governments of Tunis and Algiers have urged businessmen to capitalize on the investment opportunities given to them in a bilateral cooperation between two countries in order to promote trade and development. Both parties showed their willingness to promote dialogue in their relations and agreed on the elaboration of a roadmap for the development of […]