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Egypt Eyes $10 bln Foreign Investment in Oil, Gas

Egypt is expecting foreign investment in the oil and gas sector to reach about $10 billion in the 2018/19 fiscal year, Petroleum Minister Tarek El Molla said. According to Molla, Egypt expects foreign investments to total the same amount for the current fiscal year, marking a 25 percent increase from the previous year. Last year […]

Tunisian President looks to taxes to shun IMF bailout

Tunisian President Kais Saied is set to reject IMF conditions for a $2 billion loan and looks instead to raise taxes on the wealthy to fill in drained state coffers, in yet a new populist move that has little effect on the country’s soaring external debt and due payment deadlines. Saied who has consolidated his […]

Libya: Washington debunks involvement in raid on al-Qaeda

The USA Thursday refuted statement by the UN-backed Government of National Accord (GNA) that it conducted in coordination with the Tripoli-based administration a raid on some al-Qaeda fighters, in southern Libya. The US military command headquartered in Germany, Stuttgart, in a statement said it did not take part in the operation announced on Wednesday by […]