UAE-DUBAI-ECONOMY-PROPERTY

Egypt to invest $748.5M in drilling 46 new oil and gas wells

The Egyptian Government plans to drill 46 new oil and gas wells this fiscal year, with an investment of $748.5 million. Minister of Petroleum and Mineral Resources, Karim Badawi, announced on Monday that 15 agreements are in the pipeline, accompanied by $20 million in signing bonuses. The Government aims to boost domestic output, reduce imports, […]

Morocco: Royal Navy seizes 3 tons of cannabis after high-speed boat chase

The Coast guard units of the Moroccan Royal Navy have foiled on Sunday a major drug smuggling operation while on a counter-narcotics patrol off the Kingdom’s northern coast. After chasing a high-speed boat which was trying to escape control, the Coast guards stopped the go-fast boat which was carrying three tons of cannabis and five […]

Two More Members of ISIS Libyan Branch Nabbed in Morocco

Moroccan security services have captured last weekend two terrorists tasked with funding and coordinating with jihadists of the Libyan branch of the terror organization ISIS. The two operatives were arrested in Morocco’s economic city of Casablanca and its suburban region of Had Soualem within the frame of the ongoing investigations on Libyan affiliates of ISIS. […]