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Category: Business
Amid energy crisis, EU gives gas-rich Mozambique’s security big boost
The European Union is planning a five-fold increase in financial support to 2024 for the mission of the Southern African Development Community's (SADC) in Mozambique, ... Read More
Egypt: Central bank governor resigns amidst economic crisis, declining currency
Egypt's central bank governor, Tareq Amer, resigned on Wednesday amid the country's ongoing economic crisis and the Egyptian President accepted his resignation, according to several ... Read More
Saudi Arabia’s PIF acquires shares in Alphabet, Zoom Video and Microsoft
Saudi Arabia’s Public Investment Fund bought shares in Alphabet, Zoom Video and Microsoft as part of a wider pick of US stocks, bringing the sovereign ... Read More
Egypt’s central bank gets around $5.2bn from local banks to address growing economic pressures
The Central Bank of Egypt, (CBE) collected around $5.2 billion (EGP 100 billion from local banks in the weekly open market operations (OMO) as the ... Read More
Moroccan government’s pressing social and economic priorities in 2023
The current Moroccan government has set four priorities for next year’s appropriation bill as it continues to navigate through turbulent waters to materialize its promises ... Read More
EU increases aid to Morocco for struggle against illegal immigration by 50%
The European Union has decided to increase its aid to Morocco for struggle against illegal immigration by 50%, granting the North African Kingdom €500 million, ... Read More
Saudi Arabia’s PIF, London-based Cain invest $900m in Aman hotel group
Saudi Arabia's Public Investment Fund (PIF) and London-based real estate investment firm Cain International have injected $900 million in luxury hotel group Aman, Zawya reports ... Read More
Qatar-backed Group One plans US IPO
Group One Holding, a Singapore-based company backed by Qatar’s wealth fund, Qatar Investment Authority (QIA), is considering a US initial public offering (IPO), reports say. ... Read More
EU imports of South African coal surge eight-fold, replacing Russian fossil fuels
South Africa's coal sales to Europe rose eight-fold during the first six months of 2022 compared with last year as demand for the fossil fuel ... Read More
Egypt contemplating $2.5-bilion loan to address growing economic pressures
Egypt is considering taking a loan estimated at around $2.5 billion from regional and international lenders to tackle growing economic pressures, reports say. The government, ... Read More