Australian Fortescue Metals Group inks iron deposit mining deal with Gabon

Australian iron ore company, Fortescue Metals Group, has signed a deal with Gabon, to explore an iron ore deposit in Belinga, north-east of the country, with short-term investment put at $200 million. Fortescue per the deal will commence mining in the second half of 2023. The company in a statement said with the mining convention […]

Egypt mull plans to list SCA companies on Cairo stock market

The Suez Canal Authority (SCA) is considering listing three companies on the Egyptian Exchange (EGX) by the end of the year, Chairman of the SCA Osama Rabie said. Rabie, in an interview with Al-Arabiya, said that studies are underway with the finance and investment ministries and that the chosen companies are those that achieve the […]

Bahrain: Algeria fails to include Sahara issue in Arab Summit agenda

The Algerian regime has suffered another humiliating diplomatic setback following its failure to include the Sahara issue in the agenda of the upcoming Arab summit due in Bahrain May 16. According to diplomatic sources, the Arab League has rejected the Algerian hostile and provocative move, affirming that the Pan-Arab Organization respects the sovereignty of Arab […]