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Spain Scraps Sale of 400 Laser-guided Bombs to KSA
Madrid has cancelled the sale of 400 laser-guided bombs to Saudi Arabia for fear that the arsenal could be used in the ongoing conflict in Yemen. The announcement was made Tuesday by the Spanish Ministry of Defense, which said that the government decided to halt a military deal under which Spain was to supply 400 […]
Libya launches first public tender for oil & gas exploration, the first in seventeen Years
Libya has officially announced on March 4 its first public tender for oil and gas exploration in 17 years, marking a significant step in revitalizing the country’s energy sector. The announcement was made during a high-profile ceremony in Tripoli, attended by key officials including Acting Chairman of the National Oil Corporation (NOC), Masoud Suleiman Mousa, […]
IFC-led consortium backs $572m Aswan solar-storage project to deepen Egypt’s energy resilience
The International Finance Corporation (IFC), on Thursday, 18 December 2025, announced a strategic partnership with Dubai-based AMEA Power and Japan’s Kyuden International Corporation to develop a 1,000-megawatt solar power plant integrated with a 600MWh battery energy storage system in Aswan, southern Egypt. The $571.8 million financing package, led by IFC with support from international partners, […]



