Energy Agency

Oil prices edge higher amid Libyan supply concerns

Oil prices saw a modest rebound on Thursday August 29, recovering from two consecutive sessions of declines. This uptick was largely driven by renewed concerns about potential disruptions to Libyan oil supplies. Brent crude futures increased by nine cents, or 0.11%, reaching $78.74 per barrel. Similarly, U.S. West Texas Intermediate (WTI) crude futures climbed by […]

AfDB Unveils Continental Aviation Reform Initiative to Deepen Connectivity

The African Development Bank (AfDB) has launched the Integrated Aviation Transform Program (IATP), a continent-wide initiative designed to revitalize Africa’s aviation industry and enhance regional air connectivity. The program was unveiled on Feb. 25 during the Airlines, Capital and Connectivity Forum held in Nairobi. The event was partly attended virtually. Mike Salawou, Director of the […]

Egypt: Court Nullifies Transfer of Islands to KSA, Government to Hit back

Egypt’s Highest Administrative Court Tuesday ruled as “unconstitutional” the Government’s April decision to transfer two Red Sea Islands to Saudi Arabia and the cabinet announced that it would appeal the decision. The court indicated that the decision was illegal and violated the Egyptian constitution, ordering that the islands of Tiran and Sanafir should remain part […]