North Africa UAE Edition

security

Fire on pipeline operated by Libya's Waha Oil Co extinguished: port engineer

Libya's National Oil Corp (NOC) had said it expected a loss of production of 70,000-100,000 barrels per day

oil and gas

Waha pipeline fire to cause output loss up to 100,000 bpd -NOC

Cause of the fire was unclear

education

World Bank and Egypt sign $500mln project for education

The signing took place on the margins of the World Bank Group and International Monetary Fund Spring Meetings

oil and gas

Yorktown selling Egypt oil business Merlon -sources

Private equity firm hopes to raise up to $400mln

yemen

Houthis detaining 19 oil vessels, Saudi ambassador to Yemen confirms

The vessels contain 200,000 tons of oil

oil and gas

Indonesia's Pertamina to drill 20 wells in Algeria- agency

The drilling at the Amlan Kathla block will be conducted in partnership with Algerian oil and gas firm Sonatrach.

grains

Egypt buys 190,000 tonnes of locally-produced wheat- ministry

The government said last year it would buy wheat from local farmers at global prices this season, which began on April 15 and ends on July 15.

tunisia

Foreign investment in Tunisia rises by a quarter at start of 2018

Tunisia, which last year set up a new investment law, is trying to attract foreign investors.

logistics

Egypt ports to remain open 24 hours to cut down on wait times- minister

The extended port hours will not come at any added cost for shippers.

telecommunications

Maroc Telecom ups stake in Burkina Faso's Onatel to 61%

The transaction, worth EUR41 million ($50.8million), was completed at Abidjan's regional stock exchange.