Sa Majesté le Roi Mohammed VI visite l’ancienne médina d’E

Egypt inks 3 framework agreements for car manufacturing with international, local car companies

The Egyptian government signed Thursday three framework agreements for automobile manufacturing with the aim of to achieve bonded cooperation between Egyptian government representatives and companies, working to achieve the goals of the National Automotive Development Program. The agreements were signed by representatives of the government, including Amr Noureldin, Legal Advisor to the CEO of the […]

UAE: $25 billion investment to reach 3.5m bpd by 2017-2018  

Qasem Al-Kayoumi, manager of ADNOC’s offshore division of the exploration and production directorate has revealed that Abu Dhabi has a $25 billion investment plan for the next five years in order to boost the oil production capacity of its offshore fields.  The United Arab Emirates (UAE) produces around 2.8 million barrels of crude oil per […]

Is Algeria Becoming a New Hub for Cocaine Trafficking?

After the seizure of more than 700 kg of cocaine in Algeria’s wester port of Oran, new developments in the case show the involvement of judges and other officials in what is being described as a lucrative trafficking activity in Algeria. Acting on a tip-off, Algerian coastal guard found the drug on May 31 in […]