Algeria dependence on oil

Saudi Fund, Mauritania ink $40m loan deal

The Saudi Fund for Development, SFD, provided Monday December 18 Mauritania with a soft credit line of $40 million earmarked for the construction and equipment of two educational institutes that are specialized in key sectors of the economy. The deal was signed by SFD CEO Sultan Al-Marshad and Mauritania’s Minister of Economy and Sustainable Development, […]

Proparco, EIB, IFC commit €47.5 million for solar energy in Senegal

The European Investment Bank and the International Finance Corporation have announced €47.5 million to finance the construction of two photovoltaic solar power plants In Senegal. The infrastructure will be installed by Engie in collaboration with other partners. According to local media, the two photovoltaic solar power plants will be installed in Kahone and Kael and […]

King Salman pardons Egyptians imprisoned in Saudi Arabia

King Salman of Saudi Arabia has pardoned and ordered release of a number of Egyptian citizens jailed in the kingdom as he headed to Egypt to attend the joint European Union-Arab League summit. The prisoners to be released failed to pay legally prescribed fines for violating residency rules, state-run news agency SPA reports. The agency […]