migrants on sebta fence

Algeria’s Foreign Reserves to Further Shrink to $97 bln in 2017

Battered by falling oil and gas revenues, Algeria’s foreign exchange reserves are expected to further shrink to $97 billion, down from $193 billion in 2014, official data shows. With the slump in oil prices, the rest of the Algerian economy can’t generate the foreign exchange needed to pay for imports as oil and gas represent […]

A gas production plant soon operating in Tunisia

Production at the Tunisian Nawara natural gas field in the Sahara of Tataouine, initially scheduled for October, will start at the end of December 2019, Director of Projects and Development at the Tunisian Oil Activities Company (ETAP) Mongi Nairi told TAP. Mongi Nairi explained that the operations on the site have been delayed because of […]

Norway Confirms No Fresh U.S. Truce Proposal for Sudan Following Burhan’s Rebuke

Norway’s State Secretary Andreas Motzfeldt Kravik clarified on Thursday, November 27, that the United States has not submitted any new truce proposals for Sudan, a statement welcomed by Sovereign Council head and Army chief Abdel Fattah al-Burhan. The clarification comes after Burhan publicly rejected what he described as a “fresh U.S. plan” earlier this month. […]