Egypt : how much is enough to restore investor confidence

Egyptian officials have renewed their efforts to draw back investors, especially in the energy sector, at an investment conference by paying the debts owed to foreign oil companies. Prime Minister Hazem el-Beblawi said that $1,5billion of the $6billion debt has been approved. The Egyptian economy is suffering from the political crisis which has driven away […]

Eastern Libyan government resigns amid protests

The parallel Libyan government opposed to the UN-backed Government of National Accord (GNA) has stepped down amid protests over deteriorating living conditions. Prime Minister of the administration, Abdullah Al-Thani, reportedly turned in Sunday his resignation to the Speaker of the House of Representatives (HoR) Aguila Saleh, during an urgent meeting in which they discussed the […]

Russia Deepens Foothold in Libya, Pro-Putin Firm Signs Oil exploration & production deal

Russia’s oil firm Rosneft has signed cooperation framework agreement with Libya’s National Oil Corporation (NOC) opening the door wide to Russian investments as Moscow deepens its foray into the chaotic North African country. The agreement signed between Rosneft’s Igor Sechin and NOC’s Mustafa Sanalla in London on Monday allows the Russian company to explore Libya’s […]