MENA : Algeria, Libya and Egypt to replace Gazprom

Plans are underway for Algeria, Libya and Egypt to replace 50% of Russia’s Gazprom natural gas supply to Europe. Italy’s largest utility, Enel SpA, hopes that the development efforts that are ongoing in oil and gas sectors of these North African countries, especially in Algeria, will ease the process. Europe is seeking to reduce its […]

Tunisia’s Islamic finance to flourish

A research study by Thomson Reuters has concluded that Islamic finance in Tunisia can grow, and claim at least 25% and up to 40% of the financial sector in 5years, if the required policies are implemented. Islamic finance has previously not been popular in the country because it has been neglected by the previous regime. […]

UN Petitioners Commend Planned Round-Table on Sahara & Morocco’s Autonomy Plan

Several Delegates and petitioners took the floor before the fourth UN Committee, hailing the round table discussions on Sahara planned in Geneva in December and the autonomy plan offered by Morocco for the resolution of this regional conflict. Cameroon’s delegate expressed support for the ongoing efforts made by Horst Köhler, Personal Envoy of the UN […]