Exxon planning to sell Iraq stake
Diplomatic sources have hinted that Exxon Mobil will be forgoing its giant oilfield project in southern Iraq because of small profits from the estimated $50 […]
Business
Morocco could sell RAM stakes
Faced with economic hardships and constraints, the King of Morocco is gone for an official visit to gulf countries accompanied by a high powered delegation. […]
Telecom: planning for an Arab platform
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 […]
Egypt: an ambitious development plan
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 […]
Two wells discovered in Algeria
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 […]
Sudan:First gold refinery to open
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 […]
Libya: New oil exploitation joint venture
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 […]
Palestine: economic agreement review
The soaring of prices and street protests have forced the aid dependant Palestinian Authority in urging Israel to review the economic agreement that has determined […]
Libya: Ras Lanuf exports first fuel
Mid-week this week, oil from Ras Lanuf will be exported after it commenced its activities at the end of the revolution. Known to be the […]
Sudan can end economic crisis
The IMF has praised the austerity measures of the government but asked for the tax collection to be improved in order to subsidize its oil […]