Moroccan F-16 & US B-52H

Saudi-led consortium seals deal with Egypt on $1.5bn in 1.1 MW wind project

A consortium led by the Saudi-listed water desalination company ACWA Power has signed a usufruct agreement to invest $1.5 billion in a 1.1 MW wind project in Egypt, a statement by the Egyptian cabinet announced Thursday. The agreement was signed between Egypt’s New and Renewable Energy Development and Utilization Authority and the consortium including the […]

AU monitoring team visits Ethiopia’s Tigray to oversee peace deal implementation

African Union and East African officials arrived in Ethiopia’s Tigray region on Thursday (29 December) to launch a joint monitoring and verification mechanism for a peace deal signed in November to end the two-year war. The mediating team, led by Kenyan President Uhuru Kenyatta and former Nigerian President Olusegun Obasanjo, as well as African Union […]

Libyan fields return benefit OMV

OMV, the Austrian oil and Gas Company which is partly owned by Abu Dhabi, has recently posted a 25 per cent rise in revenues after the revival of its production in Libya which was forced to halt when the uprising gained momentum. The company’s overall oil and gas production increased by 5 per cent last year with much of […]