Egypt has received €1 billion in concessional development financing from the European Union, marking the first tranche of the second phase of the EU’s macro-financial assistance (MFA), announced on Thursday by Minister of International Cooperation, Rania Al-Mashat. The disbursement follows the implementation of 16 economic and structural reforms aimed at strengthening macroeconomic stability, improving public […]
Nigeria’s state oil company NNPC announced it has hired a firm owned by former militant Tompolo, whose movement’s attacks on facilities in the early 2000s crippled oil production, to protect installations and tackle rampant theft. It was one of five security contracts awarded as theft and pipeline sabotage have cut Nigeria’s oil exports by nearly […]
Iraq’s government has agreed to continue supplying Lebanon’s electricity company with heavy fuel oil for another year, Zawya reports. Najib Mikati, the Lebanese caretaker Prime Minister, Thursday, said he made the request to Iraqi Prime Minister Mustafa al-Kadhemi, who agreed to extend the agreement signed last year under the same terms. In July 2021, Baghdad […]
