Home » 2012 » July

US freezes military aid to Rwanda

The United States announced it was freezing its $200,000 worth military aid to Rwanda amid allegations the Rwandan government is stirring violence in neighboring Democratic Republic of the Congo. “As we have repeatedly said to the government of Rwanda, we have deep concerns about Rwanda’s support to the Congolese rebel group that goes by the [...]

Egypt Navy to Receive U.S. Harpoon Missiles

Egyptian navy braces to receive 90 Harpoon Block II missiles, one of the most advanced anti-ship cruise missiles in the world. These missiles worth over $ 145 million will boost enhance Egypt’s offensive naval capability. Their delivery had been delayed for more than five years over concerns voiced by Israel that the Block II Harpoon [...]

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Mauritania-EU sign new fishing agreement

Negotiators from the Islamic Republic of Mauritania have finally been able to agree with those from the European Union. The two parties have been involved in a renewal negotiation discussion over a fishing accord but conclusions were too difficult to come by because of diverging financial interests. After more than a year of diplomatic interactions, [...]

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Jordan to Receive $2 Bln IMF Funding Boost

The Jordanian government will receive a $ 2 billion financial assistance from the International Monetary Fund (IMF) to enable the Hashemite Kingdom carry out its ambitious political & socioeconomique reform program in a tumultuous middle east. This lifeline loan, which has been approved in principle by the IMF staff, still needs the endorsement of the [...]

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Arab League prepares UN Syrian resolution

The Arab League has decided to take its dealings concerning the Syrian crisis to the General Assembly of the United Nations. These revelations were made by the envoy of the Kingdom of Saudi Arabia to the UN as he said that the oppression of the Syrian citizens must come to an end because according to [...]

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Egypt: UNC graduated technocrat designated PM

Almost a month after he was sworn in as Egypt’s first elected president, Mohammed Morsi on Tuesday designated an unknown technocrat, Hesham Kandil, as his Prime Minister. Kandil, 50, an independent said to be a religious conservative but not a member of the Muslim Brotherhood, was holding the position of irrigation and water Minister in [...]

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Algeria: Joint production of armored vehicles

Algeria will be producing armored vehicles in Khenchela, northeast of the country, after an agreement with the United Arab Emirates. The deal was signed by the Defense Ministry’s Mechanical Industry Promotion Group and the Tawazun Holdings of Algeria and UAE respectively. Although the deal was signed on the 19th of July, reports started emerging yesterday [...]

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Sudan-South Sudan: No agreement in sight for oil, border disputes

More than a year after South Sudan became independent from Sudan, the two countries have not yet reached agreement on their oil and border disputes and no progress seems likely in the meeting they are currently holding in Ethiopia in a bid to resolve these disputes. At this meeting, South Sudan has offered Sudan more [...]

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EU to suspend sanctions against Zimbabwe

The European Union announced Monday it would suspend most sanctions decreed against Zimbabwe after the African country holds a credible referendum on a new constitution. “The EU agrees that a peaceful and credible constitutional referendum would represent an important milestone in the preparation of democratic elections that would justify a suspension of the majority of [...]

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Tripoli to pay Turkish contractual payments

The Libyan government is to pay Turkish construction companies 50% of the amount of money it owes them “immediately” because of the suspension of projects they were victims of in Libya when the revolution gained weight according to the Turkish economic minister. At the beginning of the Libyan uprising, a total amount of $1.4 billion [...]

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