Morocco masks production

Turkey-brokered Ethiopia-Somalia deal to end tensions, resolve Somaliland dispute

Ethiopia and Somalia reached an agreement Wednesday (11 December) to ease diplomatic tensions and begin “technical talks” by February to try to resolve a dispute over a controversial maritime access signed by Ethiopia with Somalia’s breakaway region of Somaliland, according to a statement following talks in Turkey. This announcement came following a third round of […]

Algeria’s Foreign Exchange Reserves Shrink to $88.61

Algeria’s foreign exchange reserves dwindled by $8.72 billion to $88.61 billion in June 2018, the Algerian news agency APS said. The rise in oil prices has not helped Algeria reduce the pace of its dwindling reserves, which dropped from $114.1 billion in 2016 and from $178 billion in 2014. Analysts say that even with oil […]

Algeria: Sonatrach and Fenosa finalise deal

Companies from the two sides of the Mediterranean have agreed to pen a deal valid for almost two decades. Spain’s Gas Natural Fenosa was a signatory to the deal with Algeria’s Sonatrach for 800mn m³/year of gas for a period of 18 years and for a 10% stake in the 8bn m³/yr in the Medgaz […]