Egypt auctions US dollars
As the Egyptian pound reaches 6.1858 to a dollar, its lowest in 8 years, the central bank is urging Egyptians to “ration” their foreign currency […]
Articles by Steven Addamah
Libya: Disruption of Oil Exports
Libya, an OPEC member, which is seeking to boost its oil production, is currently hit by some waves of sporadic demonstrations, affecting the North African […]
Algeria to increase strategic storage capacity
Sonatrach has announced another ambitious project that it will undertake within the shores of the country to increase its strategic storage. Speaking on behalf of […]
Mauritania’s thermal project awarded to Wartsila
The Islamic republic of Mauritania ambitions to be self sufficient in terms of energy demands has taking another giant stride after the country awarded the […]
Egypt: Cairo International Film Festival On Track Again
Cairo International Film Festival (CIFF) is being held this year although it was cancelled last year due to the violent demonstrations in Tahrir Square, close […]
Libya: energy and petroleum investment hub
According to a report entitled ‘Mergers and Acquisitions in the Oil and Gas Industry: Current Upstream M&A Issues and Transaction Considerations’ released by Deloitee, Libya […]
Libya: ENI becoming oil and gas Leader
A decade long investment plan worth $8 million has been revealed by ENI# to develop its upstream business as it moves to strengthen its grip […]
Mauritania: World Bank Supports Rural Communities
World Bank board of directors have approved a grant of $ 10 million assistance fund to the Mauritanian government in order to help it deal […]
Egypt: Markets react positively to announcement
The announcement by President Mohammed Morsi to backtrack on his controversial presidential decree which broadened his powers and led to the most popular protest during […]
Egypt: ADB investment and development loan
Egypt’s search for funding has been given another facelift as the African Development Bank (ADB) decides to help the country get over its troubles. The […]