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 […]
Business
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 […]
Algeria And Renault To Sign Tomorrow
Expectations are reaching the climax as reports concerning the Algerian interest in the French automaker Renault SA construction of a plant in the country for […]
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 […]
Algeria finds new oil reserves
Soantrach, the national hydrocarbon company of Algeria has made an announcement of the discovery of crude oil in the basin of Berkine in partnership with […]
Mauritania: SNIM launches a cocktail of projects
The National Industrial and Mining Company (SNIM) recently launched important development projects at Zouerate with an outstanding budget of 12 billion ouguiyas. Among the multiple […]
Libya might invest in Petroplus France
Recent reports claiming that the Libyan sovereign wealth fund is looking at possibilities of investing in the Petroplus oil refinery in northwestern France has been […]
Algeria eyes 2040 shale gas development
Prime Minister Abdelmalek Sellal has insisted that the country’s intention to exploit shale gas “is a long term option” which can be projected to possibly […]
Swissquote opens office in Malta
Following high demands for its services, the Swissquote Europe Ltd has now opened in Malta. Swissquote Europe Ltd –is a fully owned subsidiary of Swissquote […]