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Egypt: Investment Forum in Egypt Next Year to Probe Opportunities for U.S. Firms


Investment and International Cooperation Minister Sahr Nasr said that there is coordination with the American Chamber of Commerce to organize an investment forum in Egypt next year. The forum targets probing offered investment opportunities for US firms, the minister underlined, stressing her keenness on enhancing the activities of the US investment funds in Egypt. These remarks came during the meeting ...

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North Africa: A Worsening Water Crisis in North Africa and the Middle East


The Middle East and North Africa (MENA) already the most water stressed region in the world, faces a worsening crisis in terms of its access to water in the decades to come. A country is water stressed when it cannot provide the minimum water supply to satisfy the essential needs of its population. This is set by the World Bank ...

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Kenya presidential election cancelled by Supreme Court

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Kenya’s Supreme Court has annulled the result of the country’s recent presidential election. Citing irregularities, the Supreme Court said a new poll should be held within 60 days. The election commission had declared incumbent President Uhuru Kenyatta the winner of last month’s election. But opposition candidate Raila Odinga claimed that the commission’s IT system had been hacked to manipulate the ...

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Rwanda: Local Firms Sign Trade Deals With Moroccan Companies


Local businesses have signed trade and partnership deals with Moroccan counterparts, further strengthening relations between the two countries. The deals were signed during a recent business trip to Casablanca, Morocco that was organised by Private Sector Federation (PSF) to link local firms with their Moroccan counterparts and explore new markets in the North African kingdom. Francine Havugimana, the PSF second ...

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Tunisia: Commission Approves Disbursement of €100 Million in Assistance to Tunisia


The European Commission, on behalf of the EU, has today approved the disbursement of a €100 million loan to Tunisia. This represents the third and last tranche of the €300 million Macro-Financial Assistance (MFA-I) programme to Tunisia, adopted in May 2014. The MFA-I programme is part of the EU’s comprehensive efforts to help Tunisia respond to the severe economic difficulties ...

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Egypt: China Agrees to Import Grapes From Egypt After 2 Years Negotiations


The Egyptian authorities said on Thursday that China has agreed to import grapes from Egypt after two years of intense negotiations. The announcement was made by the Egyptian Agriculture Export Council in a press release. Citrus is also among the fruits being exported to China, it added. Negotiations are underway to allow more Egyptian agricultural products to be exported to ...

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Egypt Investment Bank Gets Brokerage Licence


Egypt-based investment bank EFG-Hermes has been licensed to operate a stockbroker unit in Kenya with an eye on an investment bank permit, targeting institutional and high net-worth investors from the Middle East. EFG had stated its intention to come into the Kenyan market earlier this year, later saying in June that its licence application with the Capital Markets Authority (CMA ...

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Egypt Wants More Trade With Zambia

egypt trade

Egyptian Foreign Affairs Minister Sameh Shoukry has said his country desires to increase trade and investments with Zambia. Speaking during a bilateral meeting with his Zambian counterpart Harry Kalaba in Addis Ababa, Ethiopia, on Saturday, Mr Shoukry said his country was looking for more investment opportunities in Zambia. He hailed the excellent relations existing between the two countries, and renewed ...

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Nigeria, Libya Oil Output Threaten Global Market


The increase crude oil output by both Nigeria and Libya has posed a threat to the global market, even as there are indications that the global oil market may see some rebound in the second half of the year. International Energy Agency, IEA, Chief, Fatih Birol, told Reuters in an interview that the development is seen as a distortion to ...

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