North Africa MENA Edition
Latest News
UAE, Zimbabwe sign cooperation agreements
Two agreements related to protecting, encouraging investment and avoiding double income taxation, as well as MoU on the marketing and supply of energy.
Egypt hikes fuel prices in IMF-backed austerity drive
Cabinet hikes taxi fares by 10 to 20 percent
Egypt raising fuel prices by up to 50%, energy ministry says
The energy ministry said that 95 octane was increased to $0.4354 a litre from 6.6 pounds
Fuel price hike saves gov't $2.8bln - Egypt oil minister
The ministry expects the new price increase to contribute to lowering fuel consumption by 5% during the coming fiscal year
Morocco’s OCP to acquire 20% stake in Spain’s Fertinagro Biotech
The acquisition would take place through a capital increase, the OCP said
Egypt changes key government posts for Sisi's second term
Egypt appointed a new government, replacing several key ministers as President Abdel Fattah al-Sisi pushes ahead with tough economic reforms
Salah set for comeback in Egypt's opener against Uruguay
Salah, who scored 44 goals for Liverpool last season, injured shoulder ligaments in the Champions League final
Clashes halt oil loadings at Libya's Es Sider, Ras Lanuf ports - sources
Loadings were suspended at Ras Lanuf, according to a local shipping agent.
Egypt to increase gas production at Zohr to 1.75 bcf per day in August -minister
The recent production increases have pushed Egypt's total natural gas production to about 6 billion cubic feet per day.
Egyptian Electricity Holding signs $900mln syndicated loan - sources
The debt facility, guaranteed by the Ministry of Finance, was coordinated by Credit Suisse and HSBC
Insights
Long shutdown casts shadow over sale of Moroccan refinery
Samir was a victim of the crash in oil prices from their 2014 peaks that left the plant struggling to service debts.
Egypt's rice farmers see rough times downstream of new Nile mega-dam
Concern about water, one of the world's most valuable commodities, is forcing change in farming, laws.
The Nile: Who controls the world's longest river?
Ethiopia signalling it may start filling its towering $4bln Grand Renaissance Dam this year.