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Egypt gets €50m AfDB loan to develop agriculture

Cairo’s request for a €50.20 million loan from the African Development Bank (AfDB) for agricultural purposes has been approved by the bank’s board. The amount will be used to implement the Egyptian National Drainage program (NDP) destined to improve the country’s agricultural production and household income generation by developing irrigation systems as well as avoid […]

ENI To Invest $ 8 Billion In Libya

Italian energy company ENI has unveiled a $ 8 billion investment plan in Libya to be carried out over the next decade to upgrade current production and launch new exploration activities in the oil-rich country. This huge investment will enable the Italian energy company to expand its business and enhance its presence as the major […]

Egypt: Cairo meets US demands, cuts military ties with Pyongyang

Egyptian Defense minister on a visit to South Korea has told host officials that the North African country has severed military ties with North Korea, meeting therefore a demand by the United States as condition to unfreeze military aid. The announcement was confirmed to the public by the South Korean news agency Yonhap, which cited […]