Libya Pipeline Blast Sends Oil Prices Soaring

Reports of a pipeline explosion in Libya sent oil prices soaring to $60 a barrel, that is a two-and-a-half year highs. The blast reportedly sidelined 90,000 barrels a day of supply in a country that produced 973,000 barrels a day in Novem-ber. A Libyan military source said earlier that armed men had planted explosives at […]

Egypt to launch digital platform for foreign investors to establish firms on July 1st

Egypt’s General Authority for Investment and Free Zones (GAFI) will launch a digital platform that enables investors to establish their companies online on July 1st, the authority’s Chief Executive Officer announced Thursday. Hossam Heiba made the announcement as he met with Swiss ambassador in Cairo, Vonne Bauman. The Authority is adopting mechanisms for dialogue between […]

Morocco urges Arab states to refrain from interferences in other states’ domestic issues

Morocco called on members of the Arab League to dialogue and to refraining from interferences in each other’s domestic issues as a step towards turning the page of disagreements between them. Recalling historical ties, permanent solidarity and strategic partnership, Morocco reiterates its call for a focus on the common elements that reinforce inter-Arab cohesion, said […]