European Union foreign ministers meeting in Brussels on Monday (20 January) agreed to dispatch a battalion-sized force counting up to 1,000 soldiers to Central African Republic (CAR) to help to stabilize the war-torn African country. Being effectively the EU’s first major army operation in six years, the intervention by the 28-nation bloc comes after UN […]
The International Monetary Fund (IMF) has announced that it will be holding back on negotiations for the $4,8billion loan to Egypt, because the country’s financial situation is worsening. It has decided to only continue with talks when it receives updated economic information and reform plans from the government. The freezing of negotiations which have been […]
Libya has announced new oil and natural gas discovery in the Ghadames basin southwest of Tripoli, opening new prospects for the battered economy of the North African country. This new oil & gas find was made by the Libyan National Oil Corporation (NOC) and Algerian state-owned Sonatrach. The discovery consists of one oil field with […]
