Moroccan authorities have approved an agreement between San Leon Energy, Serica Energy and Longreach Oil and Gas on the one hand and Cairn Energy, on the other. The announcement was made last week by San Leon Energy which said the assignment of interest in the Foum Draa offshore licence in Morocco was part of the […]
Tunisia has secured an $830 million assistance from Saudi Arabia that will help it face up the economic and financial hardships it has been encountering since 2011. The announcement was made by Tunisian Prime Minister Youssef Chahed Saturday following a visit to Saudi Arabia. Out of the amount provided by Riyadh, $500 million will be […]
The ongoing Gaza conflict has severely affected Egypt’s economy, leading to a sharp 70 percent drop in Suez Canal revenues Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), said. In an interview with Youm7, Georgieva acknowledged Egypt’s commitment to advancing crucial economic reforms despite the challenges posed by regional instability. Georgieva announced plans […]
