drug trafficking

Saudi investment company in Egypt to acquire 25 per cent of fertilizer giant MOPCO

The recently launched Saudi-Egyptian Investment Company (SEIC) is set to acquire 25 per cent of stakes in Egyptian fertilizer giant Misr Fertilizers Production Company (MOPCO) for an unrevealed amount. The deal, Arab Finance reports citing a source who asked not be named, might have been executed Tuesday or it would be carried out this Wednesday […]

Ankara Wants to Take Part in Libya’s Reconstruction, Foreign Minister

Turkey’s Foreign Minister said Monday during a visit to Tripoli that Ankara was willing to work with the Government of National Accord (GNA) in the reconstruction of the North African country. “Turkey and Turkish companies will play an important role in meeting all of Libya’s needs,” Foreign Minister Mevlut Cavusoglu said. Choosing Libya as his […]

Libya’s oil market still plagued by insecurity

The Libyan oil law being drafted by a committee is expected to be ready before September “if all goes well” according to oil minister Abdelbari al-Arusi. The law has to come into force before a licensing round can be launched, but most analysts remain pessimistic about the law being passed. Minister Arusi said that the […]