The International Monetary Fund (IMF) has announced that the Egyptian economy is on the right path in recovering from the shambles of the protests that started in 2011. The implemented structural and monetary reforms are boosting the economy and IMF projected that growth could reach 3,8% in 2014-2015 and rise to up to 5% over […]
The head of the Libyan government of national unity (GNA) on Saturday appointed a new Minister of Defense and a new Chief of Army Staff. Fayez al-Sarraj, at the head of the GNA, appointed Colonel Salah Eddine al-Namruch to the Defense portfolio and Mohamad Ali al-Haddad as Chief of Staff of the Libyan army. Ali […]
There is new hope for the oil industry in Congo as the recent onshore discovery made in the Delta de la Cuvette indicates that the deposits could produce up to 359 million barrels of oil, or 983,000 bopd, from this central province. Congo’s current production stands at over 330,000 bopd according to OPEC’s latest figures. […]
