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World Bank downgrades Algeria to lower middle-income status

The World Bank, the second largest international economic institution with the International Monetary Fund (IMF), has officially downgraded Algeria to lower middle-income status, a category of countries where income is considered “lower middle”. This new World Bank ranking is very bad news for Algeria, which is beginning to worry the international community because of its […]

SDX Energy Company Enhances Its Operations in Morocco

The London-based energy company SDX has obtained the Gharb Centre exploration permit, covering an area of over 1362 km2. The License covers an eight-year period with a firm commitment from SDX for the acquisition of 200km2 of 3D seismic, and two exploration wells within the first four-year period. The Gharb Centre area comes with a […]

Over 400 Illegal Migrants Died Offshore Libya

Over 400 illegal migrants, who were trying to reach Italy, died last weekend when their vessel capsized off the Libyan coast. The Italian coastguards have managed to rescue 144 people on the sunken vessel, another tragedy that shocked Human rights organisations. The International Organisation for Migration (IOM) and the charity “Save the Children” said about […]