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Algeria-Iran: release of Sonatrach oil tanker seized in Strait of Hormuz

Algeria’s gas and oil company, Sonatrach, announced Sunday that Iranian authorities had freed its oil tanker one hour 15 minutes after it was forced Friday to enter Iranian territorial waters. The tanker, MESDAR, of 2,000,000-capacity, sailing in the Strait of Hormuz was asked by Iranian coastguard to enter territorial waters, on Friday. Sonatrach in a […]

Ethiopia: French, German foreign ministers in Ethiopia to support Tigray peace deal

The French and German foreign ministers began a two-day visit to Addis Ababa on Thursday January 12 to support the peace agreement in Tigray, more than two months after it was signed to end the two-year brutal war in this northern region of Ethiopia. France’s Catherine Colonna and Annalena Baerbock of Germany are scheduled to […]

IsDB & EIB commit $1billion each to co-finance green projects

The Islamic Development Bank (IsDB) and the European Investment Bank pledged to commit $1b each in co-financing green projects, during the 2019 Sukuk Summit, hosted in Luxembourg. Together with the European Investment Bank (EIB), IsDB signed a Memorandum of Understanding (MOU) to strengthen cooperation and committed $1 billion each in co-financing green projects through to […]