chariot_oil_gas

East Africa bracing for fresh wave of interest rate hikes fueled by Red Sea crisis

East African central banks are being forced to hike interest rates to contain renewed inflationary pressures emanating from surging shipping and insurance costs due to the disrupted crucial trade routes between Europe, the Middle East, and Asia in the Red Sea. The ongoing Red Sea crisis, involving attacks by the Iran-supported Houthi group based in […]

Moroccan Airports Post 17.6% Rise in Passenger Traffic in March

Moroccan airports registered 1.85 million passengers in March, up 17.69% compared to the same period last year, Morocco’s airport authority (ONDA) said. The most significant increase was registered in passengers heading to South America, posting a 50.56 percent rise, followed by North America with 28%, ONDA said in a statement. Casablanca airport accounted 40% of […]

Gas bonanza may help Algeria gain time to delay catastrophe, but for how long?

Algeria has announced painful reforms including subsidies cuts on which the social peace hinges to try to save its crumbling finances, but all the reforms have vanished as the oil and gas bonanza offer the regime space to gain time and delay reforms as the country heads straight to economic collapse. Before the Russia-Ukraine war […]