Reuters Barclays has begun a formal process to sell its Egyptian unit, with at least two banks from the Middle East and North Africa region expressing interest in the business, sources familiar with the matter said. The UK-based lender is offloading its Africa unit as part of a plan by Chief Executive Jes Staley to simplify its structure and …

  Reuters State oil giant Saudi Aramco signed four engineering contracts to build its Fadhili gas processing project, the company said on Wednesday. The project is worth more than 50 billion riyals ($13.3 billion) and, when completed in 2019, will be the first programme in the kingdom to treat gas from both onshore and offshore fields. The company signed a …

  WAM The foreign investment volume in Sudan increased to US$ 42 billion following a package of incentive measures to increase the flow of investments and encourage investment in transformational manufacturing, according to the Sudanese Minister of Investment Mudathir Abdul-Ghani. In a statement issued today, he said that the government of Sudan has allowed investors to bring along their equipment, …