Sharm-El-Sheikh

Egypt to Earmark $9 bln to Revamp Refineries

Egypt plans to upgrade six oil refineries to increase local production of refined products, Petroleum Minister, Tarek El Molla, said during a conference in Cairo Sunday. The refineries refurbishment to be conducted over four years will cost about $9 billion, the official said, adding that Egypt is trying to secure crude oil supplies for Egyptian […]

China’s slowing economy to weaken Africa’s growth prospects

China’s slowdown that results in shrinking Chinese demand and its shift to green and high-tech sectors are bound to harm Africa’s economic prospects, according to a number of experts who have warned against an excessive dependence of African countries on the world’s second-largest economy. Economic relations between China and Africa expanded rapidly over the past […]

C-24: Morocco denounces Algeria’s obstinacy to block Sahara political process at expense of regional stability

Morocco denounced, on Tuesday before the UN Committee of 24 (C-24), the obstinacy and intransigence of Algeria, which is holding the Sahara political process hostage to the detriment of regional stability. “The political process conducted under the auspices of the UN Secretary-General, facilitated by his Personal Envoy, and supported by all United Nations Member States, […]