inter-communal conflict in Chad’s eastern provinces of Sila and Ouaddai

Fresh financing deal: Egypt gets $1.5 billion from ITFC to finance petroleum & basic commodities imports

The International Islamic Trade Finance Corporation (ITFC) will provide Egypt with $1.5 billion, a new financing agreement earmarked for imports of petroleum and basic commodities. Hani Sonbol, ITFC CEO announced the agreement to Bloomberg Asharq adding that the amount includes $800 million for petroleum imports and $700 million for basic commodities. The new deal is […]

Uganda: Two successive crashes of army helicopters leave at least 22 soldiers dead

Two crashes of helicopters of the Ugandan army on Monday and Tuesday on mission against terrorists in the Democratic Republic of Congo (DRC), killed at least 22 soldiers including 3 Congolese soldiers, Anadolu news agency reports citing the Congolese army. The first crash occurred near the village of Boga, in the Ituri province of the […]

Egyptian corporation acquires 20 shipments of LNG for $907M to meet domestic needs

The Egyptian government has finalized the purchase of 20 shipments of Liquefied Natural Gas (LNG) worth approximately $907 million to meet the country’s domestic energy demands between October and December 2024, according to undisclosed sources cited by Reuters. The procurement, overseen by the Egyptian General Petroleum Corporation (EGPC), features a six-month deferred payment plan. This […]