Egypt values compensation for Suez Canal blockage at over $1bn

Egyptian authorities expect to get more than $1 billion from Ever Given to cover damage and losses incurred in operations to float the mega ship that blocked the vital waterway for several days. The chairman of the Suez Canal Authority (SCA), Osama Rabei told media that the authority launched Wednesday probe into the incident that […]

U.S. invites Morocco, its reliable & strategic partner, to AFRICOM change of command ceremony

Morocco, U.S. long-standing friend, ally, and strategic partner in the region, has been honored to take part in U.S. AFRICOM Change of Command ceremony held Friday at Kelley Barracks in Stuttgart, Germany. Inspector General of the Royal Armed Forces, Lt. General Mohamed Berrid, who was accompanied by high-level delegation, represented the Kingdom in this ceremony […]

Algeria to Push for Oil Production Freeze at Informal OPEC Talks

Algeria and other OPEC members whose budget took a toll on the backdrop of the oil price plunge are expected to push for a production freeze during an OPEC informal meeting scheduled for late September in Algiers. OPEC has lined up an informal meeting on the sidelines of the International Energy Forum in Algeria in […]