Egypt has been lobbying heavily for South Sudan to join the Arab League, a diplomat from the pan-Arab organization tells Al Monitor. Egypt argues that Juba’s strategic geographical position “serves as the Arab gateway to Africa,” the source adds. South Sudan, which seceded from Arab League member Sudan in 2011, had filed to join the organization earlier in March.
More from Enterprise
The National Bank of Egypt and Banque Misr just hiked rates on CDs — moves that could see the EGP gain against the USD
NBE and BM both hiked rates on CDs by 125…
Qatar’s Green Sky Capital secures financing for USD 200 mn SAF plant
The facility could add more than 10% to global SAF…
EGX30 erases March losses with 14.2% April surge
The rally piled on roughly EGP 433 bn in market…
Kiwe gets Central Bank green light to launch nationwide
The startup is backed by our friends at EFG Hermes,…