On his way back from Astana where he attended a summit of the Organisation of Islamic Cooperation (OIC) in his capacity as president of the Non-Aligned Movement, President Maduro of Venezuela stopped in Algeria where he had talks on means to halt the oil price glut. Maduro could obviously not meet Algeria’s ailing President Bouteflika, […]
New York-based investment banking company Morgan Stanley has moved Egypt’s sovereign credit to a “dislike stance” from a “neutral” rating and noted that the cash-strapped country will face what it termed “mounting risks” in the coming months, Bloomberg reports. The bank argued that the upcoming December elections exacerbate the situation. The planned polls in which […]
Despite being sued by Australia’s Sundance Resources, Cameroon is set to begin in August the construction of a railway line with two China-affiliated businesses, connecting the coast to substantial iron ore deposit on Congo Republic border. In December 2020, the Perth-based Sundance Resources and two other Australian mining companies, who aspired to develop one of […]
