First Independent Mena Newspaper
The Egyptian Exchange (EGX) and the Saudi Tadawul Group have signed a memorandum of understanding (MoU) to strengthen joint cooperation, Arab Finance reports citing an emailed press release of February 13. The MoU was signed on the sidelines of the ongoing Saudi Capital Market Forum, held in Riyadh February 12-14. “We seek to cooperate with […]
Botswana’s President Mokgweetsi Masisi has warned that his country may sever ties with diamond giant De Beers if talks to renegotiate a sales deal prove unfavorable to his government, AFP reports. Masisi also called on the nation to rally behind his government as it tries to hammer out a better deal. The country is Africa’s […]
Despite regular warnings by US military commanders about a possible second Chinese military base in Sub-Saharan Africa and rumors about new footholds in countries like Equatorial Guinea, China’s strategic interest in Africa is relatively low, especially when compared with regions like Southeast Asia and the Middle East, according to a new policy brief published by […]
The African Development Bank (AfDB) has recently approved a €201,000 grant to Morocco, through its Technical Assistance Fund for Middle-Income Countries, with the objective of providing the government with technical assistance for studies on the design of dams, river development and inter-basin interconnection studies. The assistance, destined to the Directorate of Hydraulic Development of the […]
Egyptian Aviation Company and the Arab Investors Union have penned an agreement to promote therapeutic tourism in Egypt through Arab-African cooperation, the Egyptian Ministry of Civil Aviation has revealed in a statement. The deal, signed by Yahya Zakaria, Chairman of the Board of Directors of the Egyptian Aviation Company and Huda Yassi, President of the […]
Morocco’s strategic positioning and its involvement in all the dynamics of the Mediterranean region were highlighted in Rome at a meeting attended by economic, political and diplomatic personalities. “Morocco has never ceased to consolidate its anchorage in the Mediterranean, positioning itself as a bridge between Europe and Africa and between East and West,” said Ambassador […]
Nigeria could become biggest oil refiner in the region by 2025, Hawilti, a pan-African investment research firm, has predicted, a prediction that comes as a surprise in light of the west African nation’s longstanding struggle with shortage of petroleum products for its population, Africa’s largest. According to Hawilti’s recent report titled “Refineries watch Q4 2022”, […]
China-Africa digital services hub focused on facilitating trade established in Hunan China’s Hunan province has unveiled a China-Africa Digital Services Hub that focuses on cross-border communications support and data-sharing between Chinese companies working in Africa. The China-Africa economic and trade digitalization service based in Changsha, the provincial capital, aims to support Chinese companies’ trade with […]
The Moroccan government has called for strengthening Arab economic cooperation and integration to counter the current economic and social challenges. Addressing the Arab Economic and Social Council meeting, which opened Thursday in Cairo, Moroccan Ambassador to Egypt & Permanent Representative to the Arab League Ahmed Tazi stressed the need to speed up the implementation of […]
Moody’s Investors Service cuts Egypt’s sovereign rating by one notch to B3 from B2, saying that it does not expect the country’s liquidity and external positions to rebound quickly. The change comes as the Arab country has continued to face a foreign currency shortage despite allowing the Egyptian pound to depreciate sharply in recent months. […]