Chief Executive Officer of state-owned Sonatrach, Said Sahnoun, asserted that their five-year investment plan will go ahead despite plummeting oil prices. Addressing the ninth North Africa Oil & Gas Summit held in Algiers, he also said that the exploitation of shale oil for production is scheduled for 2022. Analysts believe that the global slumping of […]
Sudan’s transitional authorities on Thursday approved a law to “dismantle” the regime of former President Omar al-Bashir, including the dissolution of his political party and confiscation of all its properties. Bashir and his Islamist National Congress Party (NCP) had ruled Sudan since 1989 before a nationwide protest movement resulted in him being deposed earlier this […]
The European Union has granted Tunisia €162 million to support the country’s various reforms that are expected to revive the economy. EU ambassador to Tunisia Marcus Cornaro announced the grant during a meeting Wednesday with Tunisia’s Minister of Economy and Planning Samir Saied, Webdo Tunis reports. The financial aid will reportedly support reforms in several […]
