CFC

Egypt’s Suez canal generates revenues of $6.24 billion

Egypt gained $6.24 billion in revenues from the Suez canal, that is a 5.14% rise compared to last year. The Egyptian government set the target of doubling that figure to $13 billion by 2023 as it sees growth against the backdrop of improved security conditions and improved trade between Europe and Asia. The canal is […]

Algeria will not renew gas pipeline deal with Morocco, Spain

Algeria announced that it will abandon a gas pipeline that supplied Spain via Morocco in a hostile act that followed the severance of diplomatic ties with Rabat.   Moroccan officials rely on the pipeline to power two electricity plants in the north, but the decision would do little damage as the Kingdom foresaw the move. […]

Spain reaffirms its support for Mauritania in the defense and security of its borders

On Monday, October 28, Spanish Defense Minister Margarita Robles reaffirmed Spain’s support for Mauritania in its efforts to secure and monitor its borders. During her two-day visit to Mauritania, Robles met with Defense Minister Hanena Ould Sidi at the Defense Ministry headquarters in Nouakchott. They discussed Mauritania-Spain defense relations and reviewed cooperation between the two […]