News North Africa

Tue,31Mar2015

North Africa

Egypt creates joint Arab military force for Middle East

Photo©ReutersEgypt has urged a joint Arab military force to tackle extremism and unrest in Libya, Yemen, Tunisia, Syria and Iraq.

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Finance: Egypt's Arab Investment Bank and IDB unit launch leasing firm

Egypt's Arab Investment Bank and the private sector arm of the Islamic Development Bank will launch an Islamic leasing firm in the third quarter, aiming to provide sharia-compliant financing to small businesses.

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Oil prices drop after Saudi Arabia, OPEC won't cut output alone

Oil prices dropped over a percentage point on Monday after Saudi Arabia said over the weekend that the market defined prices and the kingdom would not unilaterally cut its output to defend prices.

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Families seek foreign medical students who travelled to Syria via Sudan

File photo©ReutersA group of foreign medical students, including seven Britons, an American and a Canadian, are thought to have travelled to Syria to work in hospitals controlled by Islamic State, a Turkish member of parliament in the border region said on Sunday.

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Infrastructure: Egypt's $300 billion dream

Compared with Brasilia in Brazil, which was founded in 1960, Canberra in Australia, founded in 1913, and Astana, which became the administrative centre of Kazakhstan in 1997, Egypt's ambitions are on an even larger scale. Its new capital is eventually designed to cover some 700 sq km (435 sq miles), roughly the size of Singapore, contain 1.1 million homes and create 1.75 million jobs.

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Tunisia: 'These monstrous minorities do not frighten us' - President

Tunisian President Beji Caid Essebsi. Photo©ReutersTunisian President Beji Caid Essebsi has declared war on terror, vowing to defeat extremists, while reaffirming the nation's faith in democracy.

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