Oil exploitation offshore

Egyptian billionaire Naguib Sawiris to visit Tunis

Egyptian billionaire Naguib Sawiris is planning to visit Tunisia “soon” and would announce resumption of one of his mega projects in the North African country. Sources told Egyptian media Acharaa that Sawiris might meet with “senior officials, including the Tunisian President.”   “The meetings will discuss among others a mega tourism project in one of […]

Morocco’s Attijariwafa Bank profit hits record $950 million in 2024

Attijariwafa Bank reported a 26.6% increase in its annual 2024 net profit to 950 million dollars, amid an expansion of activity in Morocco and in African subsidiaries. The bank reported an 8% increase in loans to the economy in Morocco, raising its market share to 28.1% from 26.9% in 2023, it said in a statement […]

Somalia’s president declares ‚all-out war’ on al-Shabab ‚terror scourge’

Somalia’s government will launch a “total war” against al-Qaida affiliated militant group al-Shabab following a recent deadly hotel siege in the capital Mogadishu staged by the group, Somali President Hassan Sheikh Mohamud announced in a televised speech on Tuesday (23 August). Mohamud said it is time to come together to defeat the enemy, adding that […]