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Davos in the Desert: leaders warn of Israel-Hamas war threatening global economy

Leaders from the world of finance and business have convened in Saudi Arabia’s Riyadh for a three-day investment conference, issuing a warning about the many perils the world currently faces, most notably Israel-Hamas war that could widen into a regional conflict and deal a new blow to the global economy. The seventh Future Investment Initiative […]

Tunisia: PAR and Sondes waiting on partnership

Since the conclusion of a preliminary agreement with Canadian oil and gas exploration and production company Sonde Resources in December, PA Resources (PAR) is still looking for farm-in partners for the Zarat license offshore Tunisia. The two companies hold the joint oil block license north of the Zarat concession, concerning unitization principles for the Zarat […]

Washington Cancels Military Drills amidst Mounting Criticism of U.S. Stand on Egypt

While more and more voices, including those of Congressmen and editorialists, are criticizing the Obama Administration’s stand on the crisis in Egypt and denouncing as incoherent its foreign policy, President Barack Obama announced that the United States is cancelling its biennial joint military exercise with Egypt, initially scheduled for September. “While we want to sustain […]