Egypt and KSA finalize energy deal
Egypt has signed an agreement with Saudi Arabia to link their electricity grids. The agreement is worth an estimated value of $1,6billion and it is […]
Business
EU committee rejects Mauritania agreement on fisheries
The Fisheries Committee of the European Parliament wants the fisheries agreement negotiated by the European Union and Mauritania to be rejected, believing that the conditions […]
Algeria : Eni shortens gas contracts
Eni, an Italian oil and gas group, has sealed an agreement with Algeria to buy less gas. The move is part of the Italian company’s […]
Egypt: Inflation to go above 10%, IMF
The International Monetary Fund has voiced out its observations about Egypt, citing that inflation will rise to 10,9% this year; thereby surpassing the previous estimation […]
Libya to pay Kharafi $930 million in damages
The M.A Kharafi and Sons group, owned by one of Gulf state’s biggest merchant families, will be receiving $930 million in damages after the cancellation […]
Algeria fights informal trade
Algeria’s Interior Minister and Trade Minister, have a made a joint announcement of plans to integrate more youth active in the black market into the […]
Tunisia’s “Corruption ban” to be uplifted for economic revival
Tunisia’s president has called for the imposed travel ban on citizens suspected of corruption, which is estimated to be affecting 0,4% of businessmen to be […]
Algeria and South Africa to speed up trade and investment
South Africa’s Deputy Minister of the Department of Trade and Industry said that they have agreed with their Algerian partners to put in place a […]
Tunisia seeks a new economic model
Tunisia in partnership with the US government and the African Development Bank have released a report aimed at reforming the government’s policy in a bid […]
Kinross Gold to expand mining in Mauritania
Kinross Gold’s 38 000 t/d mill expansion plan at the Tasiast gold mine in Mauritania, costing almost $2,7billion, is getting close to become a reality, […]