ALGERIA-POLITICS-PROTEST

Morocco to build Three Dams in Marrakesh neighborhood; Earmarks €111 Million for Water Projects in Southern Regions

Three dams with a total capacity of 367 million cubic meters will be built in Marrakesh region (central Morocco) within the frame of the National Drinking Water Supply and Irrigation Program worth €10.8 billion. According to local officials, the three new dams will enhance drinking water supply in the region and help cope with the […]

Somalia’s banking: Turkish and Egyptian banks issued first post-war licenses

Central Bank of Somalia (CBS) has recently granted its first two foreign banking licenses — to Turkey’s Ziraat Katılım bank and Egypt’s Banque Misr — in decades as the country seeks to rebuild its financial sector and attract international investment. Both state-owned financial institutions were approved by Somalia’s central bank at the start of July. […]

Egypt to become Mediterranean top gas producer

Italian gas and oil company producer ENI announced Sunday it discovered “the largest” natural gas field in the Mediterranean off the Egyptian coast, making Egypt probably the top gas producer in the region in the future. Egypt which is struggling to ensure enough energy supply to its millions-strong population may end its struggle with this […]