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Month: May 2013

Libya asks Russia for arms

May 31, 2013 Steven Addamah 0

The chief executive officer of Russian Technologies (Rostech), Sergei Chemezov, has revealed that the Libyan government wants Russia to lift its ban on arms contracts […]

EU committee rejects Mauritania agreement on fisheries

May 30, 2013 Steven Addamah 0

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

May 29, 2013 Geraldine Boechat 0

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: NGO warns European Bank against loan

May 28, 2013 Geraldine Boechat 0

The European Bank for Reconstruction and Development (EBRD) should be deciding on Wednesday whether they will fund oil drilling projects in Egypt with a $40m […]

Libya to restore regional and international role

May 27, 2013 Steven Addamah 0

Prime Minster Ali Zidan will be leaving the shores of Libya today for a working visit to the headquarters of the European Union. It will […]

Algiers plans gets World Bank support

May 24, 2013 Steven Addamah 0

The World Bank’s Vice President for the Middle East and North Africa Region, Inger Andersen, has assured Algeria of their continuous support in the expansion […]

Tunisian institutions at loggerheads about IMF loan

May 23, 2013 Steven Addamah 0

The stand-by loan agreed upon and expected to be signed this month by the Tunisian government and the International Monetary Fund (IMF) is again being […]

Egypt: Inflation to go above 10%, IMF

May 22, 2013 Steven Addamah 0

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

May 21, 2013 Steven Addamah 0

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 to go nuclear in 2025

May 20, 2013 Geraldine Boechat 0

Yousef Yousfi, Algeria’s minister of Energy and Mines has told reporters that the government is planning to begin the construction of a nuclear power plant […]

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