Sudan terminates two memoranda of understanding signed with UAE before war

Sudan is stepping back from economic ties with the United Arab Emirates, with Government sources indicating early this week that Sudan may soon terminate multiple investment agreements with Abu Dhabi. This move, according to Sudanese officials, is driven by what they see as UAE interference in Sudan’s internal affairs, particularly through alleged support for the […]

Algeria’s energy revenues to plunge by $10 bln deepening financial crisis

Algeria’s oil and gas revenues will be reduced by $10 bln to $23 billion as the country struggles with a surge in spending in a heavily subsidized economy. Algerian officials rang the alarm bell as to the deteriorating financial indicators as a result of dwindling energy revenues which represent more than 90% of exports. To […]

Italy to Sell Egypt Two Frigates as Ties are Thawing

Italy is on the verge on selling two FREMM frigates to Egypt as relation between the two countries are improving. The talks for the sale of the two vessels, in the pipeline for some time, have been confirmed by Italy’s Foreign Minister, Luigi Di Maio, and by Fincantieri CEO, Giuseppe Bono, Defense News reports. The […]