Gazoduc

IMF approves $1.2 billion for Egypt following economic review

The International Monetary Fund (IMF) Executive Board completed its fourth review of Egypt’s economic reform program under the Extended Fund Facility (EFF) arrangement, granting the country immediate access to approximately $1.2 billion. The approval, announced on Tuesday March 11, marks a significant step in Egypt’s ongoing efforts to stabilize and reform its economy with the […]

Turkish energy company shuts down supply to Lebanon over arrears

Karpowership, a Turkish company which supplies Lebanon with a quarter of its energy needs, has shut down this Friday its two floating stations over failure by the Middle East country marred in financial crisis, to pay its arrears, Reuters reports. A source knowledgeable of the matter but who required anonymity told Reuters that the company […]

Somalia: deadly ISIS attack on Puntland military base kills dozens

A deadly assault by the Islamic State (ISIS) targeted a Puntland military base in Somalia’s Bari region, resulting in at least 100 fatalities among both the militants and soldiers. The attack, which reportedly took place in the Togga Jacel area of the Cal Miskaad mountains in Puntland’s Bari region, saw ISIS militants using suicide car […]