Foreign investment in Algeria plummeted to $1.2 billion in 2017, a drop of 26 per cent compared to 2016, according to the UN Conference on Trade and Development (UNCTAD). The figures show Algeria’s perceived unfriendliness among foreign investors who are expecting genuine reforms that inspire confidence instead of superficial measures. In the Doing Business Index, […]
Cooperation between Morocco and the United Arab Emirates in the field of defense, exchange of experience and the setting up of joint defense industry projects was discussed at meetings in Rabat Wednesday. The first meeting gathered the Minister in charge of National Defense Administration Abdellatif Loudiyi and Chief of Staff of the UAE Armed Forces […]
Sinopec’s Addax Petroleum Development (Nigeria) Ltd has exited four Nigeria oil blocks OMLs 123/124, 126/137 as the Nigerian National Petroleum Company (NNPC) Ltd on Tuesday (1 October) signed a Memorandum of Understanding (MoU) on the Transfer, Settlement and Exit Agreement (TSEA). Addax began operations in Nigeria in 1998 by signing Production Sharing Contracts (PSCs) with […]
