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Egypt: Suez Canal authority raises transit fees for oil tankers to 15%

The Suez Canal Authority announced Tuesday it will temporarily raise fees levied on tankers carrying crude oil and petroleum derivatives for ships transiting the waterway in both directions from the beginning of May. Egypt’s Suez Canal Authority has temporarily raised a surcharge levied on tankers carrying crude oil and petroleum derivatives transiting the canal in […]

Egypt: Get paid as you drill and explore

The Egyptian government wants to bring the country back on its feet and has decided to add to its priorities the payment of oil debts to foreign companies that are increasing their exploration and production in Egypt. Foreign companies are owed more than $6 billion and energy subsidies reached an estimated 120 billion Egyptian pounds […]

Morocco’s economy set for stronger growth in Q4 2025, HCP projects

Morocco’s economic momentum is expected to strengthen in the final quarter of 2025, with growth projected to reach 4.7 percent year-on-year, up from 4.3 percent in the third quarter, according to projections released by the High Commission for Planning (HCP). The acceleration reflects improving external demand conditions, particularly from European markets where monetary easing is […]