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Libya: HoR Energy Committee warns against replacement of NOC board of directors

The Energy Committee of the House of Representatives (HoR) has cautioned against any step that could obstruct the work of the National Oil Corporation (NOC) and called for keeping the company away from the ongoing political strife and conflicts, reports say. The reaction came few days after Prime Minister Abdul Hamid Dbeibah agreed to discuss […]

Egypt: Sisi fumes at Prime Minister and cabinet members in public

President Abdel Fattah El-Sisi will be celebrating one year as the Egyptian Head of State on Tuesday but he is unpleased with the achievements of the government led by Prime Minister Ibrahim Mahlab after he publicly criticized him and some members of his cabinet. The president was at the inauguration ceremony of development projects being […]

Egypt: IMF, ADB agree to release billions to support Egypt’s weak budget

The International Monetary Fund (IMF) and the African Development Bank (ADB) have approved this week release of billions in form of loans to Egypt in order to support its weak budget suffering from lack of foreign assistance and a huge domestic debt, reports say. The IFM according to reports has approved the first $1 billion […]