CAIRO – Royal Dutch Shell, through subsidiaries Shell Egypt and Shell Austria, has completed the sale of upstream assets in Egypt’s the Western Desert to Cheiron Petroleum Corporation and Cairn …
Northern Africa
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EntrepreneurshipNorthern Africa
11 startups to participate in Plug and Play accelerator program in Morocco
After a successful batch 1 Plug and Play’s Smart Cities program, the company has launched a second accelerator program in the region with a similar strategy to other successful Plug …
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Worldwide, an estimated 200 million businesses still rely on cash payments, and 1.7 billion people in regular paid work have no access to bank accounts. Based out of London, Dopay …
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CAIRO — Egyptian state-controlled payments firm e-finance for Digital and Financial Investments said on Sunday it would offer up to 14.5% of its capital in an initial public offering in …
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Business PoliciesNorthern Africa
Cement factories in Egypt to operate with natural gas instead of coal
Cement companies in Egypt are seeking to return to operating with natural gas fuels instead of coal, after nearly seven years of the government’s decision to compel companies to use …
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(Bloomberg) — Demonstrators have interrupted loading of an oil tanker and taken over the control room at Libya’s biggest crude terminal, as a fresh wave of protests across the nation’s …
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(Bloomberg) –Libya’s oil production is in danger of slumping again, as a political power struggle threatens to end a period of relative stability. The standoff comes at an unfortunate time …
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AmazonBanking, Finance & InvestmentNorthern AfricaPress Releases
Mashreq Bank Egypt appoints Ragia Samir as senior vice president
Mashreq Bank has appointed Ragia Samir as Senior Vice President and Head of Marketing in Egypt. Ragia has more than 20 years of experience in the marketing field in Egypt …
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A four-way ministerial meeting of the Arab Gas Pipeline countries (Jordan, Egypt, Syria and Lebanon) resulted in an agreement to deliver Egyptian natural gas to Lebanon via Jordan and Syria, …
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Business PoliciesNorthern Africa
Egypt Becomes Africa Finance Corporation with a Potential of US$1 Billion of Investments
Africa Finance Corporation (AFC) has welcomed Egypt as its newest member state. Egypt’s Prime Minister, H.E. Dr Mostafa Madbouly, committed North Africa’s most populous nation to become the 32nd member …