staffan de mistura

Egypt starts construction of first nuclear plant with Russian expertise

Egypt and Russian energy company Rosatom have announced the beginning of construction work of the North African country’s first nuclear plant. The plant is being built at El-Dabaa on the country’s north coast and is expected to have four units, each with a generating capacity of 1,200MW. The project has been in the pipeline since […]

Escalating Violence in Libya and Egypt: Suicide Attack and Car Bomb

Libya and Egypt have been hit with unprecedented deadly attacks over the last three days. First, seven people were killed at a security checkpoint near Benghazi in the first known suicide bomb attack in Libya since the fall of Colonel Gaddafi. Then on Tuesday (24 December) a car bomb attack at a security building in […]

Algeria’s Trade Deficit Widens as Low Oil Prices Continue

The drop in oil prices has taken a heavy toll on Algeria’s budget revenues with the trade deficit expanding to 15.8 billion dollars as of October compared to 13.7 billion dollars the same period last year. By the end of October, Algeria’s export revenues slipped by 23.44% standing at 22.7 billion dollars propelling the government […]