Egypt is struggling due to bad credit ratings
Government officials in Cairo have claimed that the State-owned Egyptian General Petroleum Corp. (EGPC) is close to acquiring a letter of credit from the National […]
Month: June 2013
Algeria: Ain Salah Gas Project to resume in weeks
Tim Weller, the Chief Financial Officer (CFO) of Petrofac said the gas project was delayed due to the In Amenas attack in January. Activity is […]
Tunisia’s Military Chief resigns
General Rachid Ammar, Tunisia’s 67-year-old military chief, has decided to step down during an announcement he made on a private Tunisian television channel. Amongst the […]
Egyptian Army To Intervene Ahead Of Planned Manifestation
The Egyptian army has threatened to intervene in other to avoid any possible chaos ahead of a planned manifestation next Sunday. The 30th of June […]
Libya and Malta strengthen trade ties
The Prime minister of Malta, Dr. Joseph Muscat, accompanied by a delegation of four other ministers dwelled on a variety of issues with his Libyan […]
Another Chapter in Algeria’s Energy Sector Scandal
Sonelgaz, Algeria’s power and gas utility is the latest company under investigation, in what appears to be a series of scandals rocking the oil nation’s […]
Egypt: EU’s aid heavily criticized
The high rate of human rights violation and corruption in Egypt has displeased the European Commission despite the €1 billion aid from the European Union […]
Tunisia: Government to recapitalize banks by September
The Tunisian government’s published a letter sent to the IMF, describing the government’s intention to recapitalize its banks through a rescue operation. The amount needed […]
Libya eyes Tourism rejuvenation
Libya is planning to build its tourism sector with the help of United Nations World Tourism Organization (UNWTO), as part of its socio-political transformation and […]
Egypt: Ethiopia sends “friendly spirit” gesture
In Addis Ababa, the parliament has decided to replace the treaty written by Britain in 1929, which gave Egypt veto power over projects in the […]