Egyptian smartphone maker SICO to start exports to Germany
Egypt’s first smartphone maker, SICO, will begin exporting its devices to Germany in November as part of its expansion plan to sell its products in […]
Gulf
Equatorial Guinea’s President Appoints Son Vice-President
Equatorial Guinea’s President Teodoro Obiang’ Nguema has promoted his first son Teodorin Nguema Obiang as the country’s vice-president, according to a decree read on Wednesday […]
Morocco Keen on Diversifying its Partnerships, King
Morocco is Keen on diversifying its partnerships at the political, strategic, and economic levels although it remains committed to its strategic relations with its allies. […]
Nigeria to fight oil theft with drones – NNPC boss
Nigeria’s state oil company NNPC is set to deploy drones to check the movements of ships in the country’s waters in a bid to free […]
South Africa: FirstRand obtained a credit facility of $235mln
The South African banking group “FirstRand” has obtained a credit facility of $ 235 million with from nine (9) financial institutions from the Gulf Cooperation […]
Egypt’s tourism sickness to end in October, Minister Zaazou
Egypt’s tourism sector could soon be back to its golden days after more than half of the travel warnings were lifted. Tourism Minister Hisham Zaazou […]
Tunisia gets North Africa’s first financial park
Tunis Financial Harbour project will soon be implemented after being shelved for more five years, the Islamic Investment Bank stated. The $3 billion financial park […]
Oman-Iran: North-South corridor project gas pipeline
The much awaited natural gas pipeline construction between Oman and Iran will be completed in 2015. Negotiations over the 60billion deal took a decade for […]
Egypt: Stock market and foreign reserves in limbo
The ongoing political unrest between pro-Morsi and anti-Morsi demonstrators, alongside the intervention of the military has taken a serious bite on Egypt’s stock market, as […]
Libya to pay Kharafi $930 million in damages
The M.A Kharafi and Sons group, owned by one of Gulf state’s biggest merchant families, will be receiving $930 million in damages after the cancellation […]