King Mohammed VI wearing a facemask

Egypt sovereign sukuk needs religious consensus

A U-turn has been done by the government after criticisms by Islamic religious leaders concerning a draft law which will permit the government to issue sukuk. Making the announcement, the finance minister Al-Mursi Al-Sayed Hegazy said the revision of the draft law will be done after meeting with top officials of Egypt’s prestigious Al-Azhar university […]

Predator Oil & Gas Gets 8-Year License for Exploration in Morocco

The Jersey-based company Predator Oil & Gas said on Monday it received an eight-year permit for hydrocarbon exploration and appraisal onshore northern Morocco. The exclusive license includes an initial 30-months exploration phase covering an area stretching 7,269 square km, to the east of producing gas fields and northwest of Sound Energy PLC’s Tendrara gas project. […]

EU aid package to bolster Ghana’s security forces part of bid to help stabilize Sahel

The European Union has provided a 50 million-euro military aid package to Ghana to bolster its security forces amid a surge in violent extremist activities by armed groups linked to al-Qaeda and the Islamic State. The donation, made during a handover ceremony in Accra on Wednesday (26 February), includes advanced communication systems, riverine assets, and […]