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Economy & Business
Egypt and the US: Inside Cairo’s Diplomatic Push for Stability Across the Region
In a moment of renewed diplomatic engagement, Egypt has reinforced its strategic partnership with the United States through high-level talks in Cairo focused on some of the most critical geopolitical challenges facing the Middle East and…
Saudi Arabia’s Zahid Group Takes Over 123-Year-Old South African Giant Barloworld in Landmark $1.3…
In one of the most significant Middle East–Africa corporate takeovers in recent years, Saudi Arabia’s Zahid Group has officially completed the acquisition of South African industrial heavyweight Barloworld, sealing a deal worth R23 billion…
Saudi Arabia Opens New Gold Market in Africa, Challenging Dubai’s Longstanding Dominance
Saudi Arabia has taken a decisive step into Africa’s resource economy, announcing plans to begin direct purchases of gold from Sudan — a move that could reshape bullion trade across East and Central Africa and weaken Dubai’s historic grip…
Libya and Saudi Arabia Move to Deepen Energy Partnership
Libya and Saudi Arabia have taken fresh steps toward strengthening their energy relationship, following talks between Libya’s Minister of Oil and Gas, Khalifa Abdulsadek, and Saudi Arabia’s Energy Minister, Prince Abdulaziz bin Salman, in…
Ivory Coast Moves to Buy Entire Cocoa Stockpile as Prices Hit Two-Year Low
Ivory Coast, the world’s largest cocoa producer, has announced it will purchase the entire stockpile of cocoa beans held by local cooperatives, stepping in to protect farmers as global prices fall to their lowest level in two years.
The…
Mali Tightens Control Over Gold Mining Sector as Presidency Takes Direct Oversight
Mali’s military government has moved to tighten its grip over one of the country’s most strategic industries, placing the gold mining sector directly under presidential authority.
President Assimi Goita has created a new ministerial level…
IMF Approves $261 Million for Ethiopia as Reform Momentum Holds Under Extended Credit Facility
The International Monetary Fund has approved a new disbursement of $261 million for Ethiopia after completing the fourth review of the country’s 48‑month Extended Credit Facility (ECF) programme.
The latest release brings total IMF…
Libya Signs $2.7bn Misurata Free Zone Deal in Push Beyond Oil Dependence
Libya has signed a $2.7 billion agreement to expand and develop the Misurata Free Zone, marking one of the country’s most significant efforts in recent years to diversify its economy away from oil dependence and reposition itself within…
Syria Prioritizes Egyptian Companies in Reconstruction Push After Years of War
Syrian President Ahmed Al‑Sharaa has said that Egyptian companies will be given first priority in Syria’s reconstruction process, signaling a strategic shift toward regional partnerships as the country moves beyond years of conflict and…
Masoud Suleiman Unveils NOC Plan to Raise Refining Capacity to 660,000 bpd
Libya’s National Oil Corporation (NOC) has unveiled an ambitious plan to significantly expand the country’s refining capacity, as Chairman Masoud Suleiman emphasized the critical role of domestic fuel production in strengthening the…