First Independent Mena Newspaper
South African President Cyril Ramaphosa has cancelled plans to take part in World Economic Forum (WEF) in Davos because of the energy crisis affecting the country. Vincent Magwenya, spokesman of the South African president said Ramaphosa will remain home to hold talks with Eskom and political leaders. Earlier reports said he would lead a government […]
The UK has imposed harsh economic and financial sanctions on Russia following the war with Ukraine. And as the British government is preparing to cut energy ties with Russia, Morocco can help UK avoid energy crisis thanks to its abundant resources, according to Daily Express. In a bid to ditch Russian energy, Britain has pledged […]
Karpowership, a Turkish company which supplies Lebanon with a quarter of its energy needs, has shut down this Friday its two floating stations over failure by the Middle East country marred in financial crisis, to pay its arrears, Reuters reports. A source knowledgeable of the matter but who required anonymity told Reuters that the company […]
With Gaza entering its fourth month of a serious energy crisis, the United Nations on Thursday released a further $2.5 million from a pooled humanitarian fund to cover urgent needs in the Palestinian enclave, a UN press release said. The disbursement from the Humanitarian Fund for the occupied Palestinian Territory will bolster the UN’s emergency […]
Cairo announced that it has reached preliminary deals worth $6.8 billion with Kuwaiti companies for the establishment of petrochemical projects. The initial agreements signed on Sunday involved several companies including Egypt Kuwait Holding Company, Kuwait Gateway Holdings and Boubyan Petrochemical Co. Prime Minister Ibrahim Mahlab represented the government during the signing of Memorandums of Understanding with […]