First Independent Mena Newspaper
Concord International Investments, a company providing investment management and supervisory services to high-net-worth individuals, banks, thrift institutions, and other investment companies from its headquarters in New York, is planning to establish a healthcare investment company in Egypt with a capital of $40 million. Chairman Mohamed Younes has told Asharq Business that investments will be directed […]
Morocco and Mauritania have committed to enhance their cooperation in fisheries research under a specific protocol on cooperation actions signed on the sidelines of the 6th edition of the International Fair Halieutis, held in Agadir February 1 to 5. The protocol between the National Institute of Fisheries Research (INRH) of Morocco and the Mauritanian Institute […]
The World Bank announced that it has allocated additional financing of $200 million to the Education Support Program in Morocco, bringing the total project value to $700 million. In a recent document, the World Bank spoke of additional financing aimed at restructuring the results of the main indicators, in addition to extending the program from […]
The full resumption of operations on international routes by African airlines and also the return of Chinese tourists to Africa have contributed to the fact that some countries on the continent have now surpassed pre-covid arrival numbers and revenue levels. Three African countries — Egypt, Kenya, and South Africa — are now on China’s list […]
Recent visits to Africa by US Treasury Secretary Janet Yellen and US Ambassador to the United Nations Linda Thomas-Greenfield came as a new study by Boston University found China’s overseas investments in the Covid-19 era have slid to a 13-year low. Analysts say Washington is trying to compete with China for influence in Africa, with […]
The government of Rwanda and Alibaba have agreed to establish the first Electronic World trade Platform hub in Africa and to enable products from eastern African region to reach more than half a billion consumers of Alibaba, reports say. The deal is expected to spur the economic development and digital economy of Rwanda and ensure […]
Nokia will build a next-generation optical transport network connecting Kenya, Uganda, Rwanda, Democratic Republic of Congo (DRC), Zambia, Zimbabwe and South Africa on behalf of Liquid Intelligent Technologies (LIT), a leading connectivity, innovation and intelligent technology company across 13 African countries. The Finland-based company has been selected by LIT for the deployment and per the […]
Air Arabia Egypt announced flights to Gizan in Saudi Arabia, making the Saudi city the 11th destination of the low-cost carrier to the Gulf country. The direct flights will connect Cairo International Airport with King Abdullah bin Abdulaziz International Airport with a frequency of two weekly flights starting from April 9th, 2023. “We are glad […]
The Egyptian Prime Minister, Mostafa Madbouly, indicated that the Arab country hopes to list at least 20 state-owned companies in 2023 as part of a larger strategy aimed at generating more revenues, Zawya reports. Not all companies will be listed on the EGX (the Egyptian stock market). Some will see major shares sold to strategic […]
Spain reiterated its support for Morocco’s autonomy initiative as the most serious, credible and realistic solution to end the regional conflict in the Sahara territory. This reaffirmation came in a joint declaration issued at the end of the 12 Moroccan-Spanish high-level joint committee. The two countries signed 20 cooperation deals and a Spanish credit line […]