British Sound Energy has bought 25 pc stake in the Sidi Moktar project, which comprises three onshore gas permits in Morocco. The UK independent company has inked the £3.57 million deal with Maghreb Petroleum Exploration after initially agreeing the deal last October. The Sidi Moktar licences cover 2,700 square kilometres in the Essaouira basin, central […]
A U-turn has been done by the government after criticisms by Islamic religious leaders concerning a draft law which will permit the government to issue sukuk. Making the announcement, the finance minister Al-Mursi Al-Sayed Hegazy said the revision of the draft law will be done after meeting with top officials of Egypt’s prestigious Al-Azhar university […]
The East African Community (EAC) is grappling with a severe financial crisis, with member states failing to remit over $62 million in contributions for the 2024/25 financial year. The bloc, which comprises Burundi, the Democratic Republic of Congo, Rwanda, South Sudan, Somalia, Tanzania, Uganda, and Kenya, has seen its programs delayed, while salaries for staff […]
