Egmont Institute report on returnees

Chariot Oil & Gas Extends its Morocco Offshore Explorations to Kenitra

Chariot Oil & Gas announced that it received a 75% stake of the Kenitra offshore exploration permit which together with the neighboring offshore exploration in Mohammedia could contain more than 1 billion barrel. The UK company said its subsidiary Chariot Oil & Gas Investment (Morocco) will carry out the exploration in partnership with Morocco’s Office […]

Algeria’s Steel Giant to Be De-Facto Nationalized

The Algerian government has been interested in buying additional 21% shares in the Annaba unit of the steel producing company, ArcelorMittal, for 200 million USD. As the state already owns 30% of the firm, such a transaction would make the Algerian government a de facto majority shareholder and owner of ArcelorMittal. The government reportedly wants […]

Moroccan King’s mediation for opening of Allenby Border Crossing commended as a diplomatic, humanitarian breakthrough

The mediation conducted by King Mohammed VI that led to opening of the Allenby Border Crossing 24/7 has been commended by many politicians, MPs, and analysts, who described the opening of the border crossing as a diplomatic and humanitarian breakthrough. The opening, without interruption, of the Allenby/King Hussein border crossing, linking the West Bank and […]