The two Sudans have been able to come to terms regarding the oil exportation from South Sudan and the usage of Sudan’s pipelines and port after days of negotiations between the two presidents in Ethiopia. The revenues to be generated from the oil trade are badly needed by the two countries as their economies continue [...]
Mauritanian economy has scored better-than expected performance and was resilient to exogenous shocks thanks to a fiscal and external policy space that have reached unprecedented levels, the International Monetary Fund said this week. “This better-than-expected performance is attributable to intensified revenue collection efforts, substantial mining revenues, and a considerable increase in external assistance (including in [...]
Telecommunication companies in the MENA are teaming up for a pan-Arab online platform that would earn them more revenue from their networks by challenging western social networks. Osman Sultan, chief executive of the second biggest operator in the UAE said he came up with the idea over a year ago and has called upon all [...]
As Morocco continues to relieve itself away from the economic crisis that it is going through, the government has sold a 10% stake in ‘’Banque Populaire’’, one of the country’s top three lenders, in a bid to limit its high budget deficit. The sale will also reduce the regional branches of the bank by 6.34% [...]
Egypt is embarking on a another revival project of its economy as it sets aside numerous projects to develop areas around the Suez Canal and the south of the country in a bid to create jobs and attract investors back. The projects which are fourteen in number are a joint partnership between the government and [...]
In a report released on Sunday, fresh talks have been held between Palestine and Israel over the development of a gas field off the coast of the Gaza Strip. In the report which will be submitted to a New York gathering of donors to the Palestinian Authority cites that the “development of the Gaza Marine [...]
Two oil discoveries have been made by Sonatrach (in cooperation with two Asian companies; China National Offshore Oil Corporation limited (CNOOC) and Thailand public oil company PTTEP The discovery was made in the Berkine basin located in the southern part of the country. The discovery was made following drilling of the exploration wells of Bou [...]
The first gold refinery of Sudan has been opened as the country strives to improve the quality of its rising gold exports. During the opening ceremony on Wednesday, the head of the new refinery, Mohamed Osman al-Zubeir, said the refinery will have a daily production capacity of 900kg of gold and 200kg of silver. These [...]
PT Medco Energi Internasional (MEDC ), a publicly listed oil and gas company in Indonesia, has announced that it will be launching a joint operation company in Libya. The joint operation company which will be initiated next month will be overseeing the development project of its oil field in the country. The to-be developed oil fields [...]
Iran has confirmed the presence of its ”military advisors” in Syria and neighboring Lebanon. It is really a scary thing because these aides, who are providing assistance to Assad regime and to Lebanese militant Shiite group of Hezbollah, are not ordinary consultants. They are members of Al Quds forces, an elite unit of the Iranian [...]
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