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Egypt: Tribes critical of the government join war against terrorism

The Egyptian government has acquired a strategic ally in its fight against extremist and terrorist groups operating in the Sinai Peninsula after 38 Egyptian tribes based in the region announced there will to cooperate with the state. The decision was taken during the first meeting of the Sinai Tribal Federation and it is believed that […]

Libya’s division, bureaucracy hinder investment flow- State Department

Division of state institutions, bureaucracy, and corruption were key obstacles to promoting foreign direct investments in war-torn Libya, despite the country’s colossal need in terms of infrastructure and economic diversification, the US State department said. “Despite the high potential for domestic and foreign investment in Libya due to its reconstruction needs, unmet consumer demand, and […]

Algeria should brace for end of oil

As pro-democracy protests continue to rattle the Algerian regime, Algeria marches ahead to an economic disaster as domestic energy consumptions nears levels of gas and oil production. Since 2007, Algeria’s consumption of oil and natural gas has risen by more than 50 percent while its oil production has fallen by 25 percent. With less oil […]