King Mohammed VI & Cheikh Tamim Ben Hamad Al-Thani of Qatar

Algerian regime swinging between hypocrisy and opportunism

The Algerian regime, which is well known for its anti-Semitism, does not hesitate to get in touch with Israel when it sees an interest in such contacts. The evidence of this ambivalence made the headlines lately with reports saying that a Brazilian military aircraft from Tel Aviv landed in the Houari-Boumedienne airport in Algiers, at […]

Turkey considers Libya offshore hydrocarbons explorations

Turkish energy minister said his country is planning to conduct offshore explorations in Libyan waters in search of oil and gas. Ankara and Tripoli are close to reaching an agreement to launch the explorations, energy minister Alparslan Bayraktar told Sabah newspaper. Bayraktar said that, while Turkey invests in explorations in the Mediterranean, it also attaches […]

Egypt’s Suez Canal Bank to pull out of Middle East Oil Refinery

The publicly listed company, Suez Canal Bank, says it will withdraw entirely from Middle East Oil Refinery (Midor), Zawya reports. The operation will generate $30.4 million for Suez Canal Bank as 1.27 percent stake (560,000 shares) will be sold to Egyptian General Petroleum Corporation (EGPC) at $54.7 per share. The financial service institution posted a […]