nas-el-ghiwane

Noble Energy makes oil discovery off Equatorial Guinea

Noble Energy has made a new discovery in Block 1 offshore Equatorial Guinea, with the US company expecting to produce new oil by October, the oil minister said on Tuesday.   According to Gabriel Obiang Lima, minister of hydrocarbons and mines, the government is excited to announce the discovery, “which could not have come at […]

Egypt’s biggest investment bank takes over state-run Arab Investment Bank

EFG Hermes, Egypt’s biggest investment bank, has completed its takeover of state-owned Arab Investment Bank for an undisclosed transaction. EFG Hermes, Arab News reports, agreed to purchase a 51% stake in the bank in May, with the Sovereign Fund of Egypt also acquiring a 25% stake and the current owner, Egypt’s state-owned National Investment Bank […]

South Africa vows to use BRICS chair role to advance African interests

South Africa will use its chairmanship of the BRICS group of leading emerging economies — comprising Brazil, Russia, India, China and South Africa — to focus on advancing African interests, the country’s President Cyril Ramaphosa has said. South Africa has just taken over the chairmanship of the BRICS — a bloc widely seen as an […]