North Africa UAE Edition

oil and gas

Nigeria state oil company denies existence of $3.5bln fuel subsidy fund

That fund was jointly managed by a group of bodies that included the NNPC

islamic finance

Egypt plans to issue international sovereign sukuk in 2019-2020

Egypt is aiming to issue about $20bln in foreign denominated bonds by 2022.

oil and gas

Algeria hopes to have energy law ready by first half of 2019 - Sonatrach CEO

North African OPEC member has been preparing changes to its hydrocarbon law in a bid to attract foreign investors

libya

Case of slain Libyan rebel commander opens old wounds in oil producer

The unsolved killing of Abdel Fattah Younes by suspected fellow fighters in 2011 caused deep rifts inside the rebel camp

transport

Trains collide near Moroccan capital -media

No more details were immediately available from the reported accident at Sidi Bouknadel, a town near Rabat.

oil and gas

Egypt's petroleum minister says LNG vessel to leave before weekend

The minister, Tarek El Molla, told Reuters the other vessel would stay behind as part of the petroleum ministry's strategy to maintain energy supplies for the country.

equities

SODIC, MNHD tie-up could create a major player in Egyptian real estate - analyst

Combined firm would have a land bank of around 15mln square metres and assets worth $2bln, says Arqaam Capital's research head

egypt

Egypt's foreign reserves sufficient to cover imports for 9 months

Egypt's foreign reserves stood at $44.459bln at the end of September.

egypt

Egypt says agrees $3bln financing deal with World Bank

The government said it would help secure economic growth

oil and gas

Egypt's petroleum minister says one FSRU vessel to leave before week-end

Egypt's petroleum minister said on Tuesday that a regasification vessel would leave Egypt by the end of the week.