Business Features International

Russia Lifts Ban on Weapons Sales to Iran, Irking Neighbours

The Russian president Vladimir Putin has decided to lift the ban imposed on arms sales and exportations to Iran for its nuclear program, prompting anger of Washington and several Middle-eastern countries. President Putin signed Monday an executive order cancelling the ban imposed on Iran, paving the way for the delivery of Russian weaponry to Teheran […]

Business Features International

Iran to Buy Advanced Russian Anti-Aircraft Missiles

Teheran, which is facing growing pressure from the West to reach a nuclear deal in Geneva, is currently considering the purchase of a Russian advanced anti-aircraft missiles system, a deal, which if approved, is expected to irk Western powers. The chief of the Russian state arms firm Rostec, Mr.Sergei Chemezov said the company offered to […]

Asia Features International

Israel: All self-defense options are possible against Iran, Minister Steinitz

Intelligence Affairs and Strategic Affairs Minister Yuval Steinitz told reporters that “we never limited Israel’s right of self-defense because of some diplomatic constraints” as he believes the possible outcome of the negotiations over the Iranian nuclear program is unfavorable to Israel. The minister declined to give any further details but stressed that “all options are […]

Algeria Features Headlines

Algeria declined request to join airstrike campaign against ISIL

An Algerian diplomat has revealed that Algeria declined to join the US led campaign military campaign against the Islamic State of Iraq and Levant (ISIL) after requests from France and the United States. According to the diplomatic source who wants to remain anonymous, Algeria was asked to send two squadrons of warplanes to join the […]

Features International

Russia is our hope in Syria, UN Envoy

The upcoming talks, between the Syrian opposition and Assad’s government, in Russia are seen as an opportunity that should not be missed according to U.N. Special Envoy Staffan de Mistura. He said the Syrian war has become the worst humanitarian disaster since World War II and Russian efforts should be supported to end it because it […]

Columns Features Opinions

Will Algeria’s SOS Call to OPEC be Heeded?

As Oil prices continue falling, hitting their lowest level in five years, Algeria launched an SOS calling the Organization of Petroleum Exporting Countries (OPEC) to lower production and restore the oil market balance. “OPEC needs to intervene to lower production and thus remedy the unbalances of the market,” Algerian energy Minister Youcef Yousfi was quoted […]

Algeria Business Egypt Energy Features Headlines Libya

MENA : Algeria, Libya and Egypt to replace Gazprom

Plans are underway for Algeria, Libya and Egypt to replace 50% of Russia’s Gazprom natural gas supply to Europe. Italy’s largest utility, Enel SpA, hopes that the development efforts that are ongoing in oil and gas sectors of these North African countries, especially in Algeria, will ease the process. Europe is seeking to reduce its […]

Algeria Features Headlines

Emirates Dragon Oil ventures into Algeria

Energy companies are all trying to get a share of Algeria’s oil and gas reserves as the country tries to boost its production capacity. The latest company to join the energy companies in Algeria is Dragon Oil Company based in the Emirates. It is an international oil and gas exploration, development and production company. The […]

Business Egypt Emerging Markets Features Headlines

Egypt plans more than $100m “major” wheat investment plans

Discussions between President Abdel Fattah Al-Sisi and his Minister of Supply and Internal Trade Khaled Hanafy during the weekend centered to plans that will ease the international wheat dependency burden of Egypt. Reports stated that the projects that were earmarked during their closed door meeting are three “major” internal investment plans. The plans are complimentary […]

Features International

Iraq awaits Russian weapons delivery to wage war on ISIS

Iraq could soon be forcing the fighters of the Islamic State of Iraq and Syria (ISIS) to retreat as military weapons from Russia begin to arrive. A visit by Defense Minister Saadun al-Dulaimi to Moscow on Wednesday is expected to have fast-tracked the delivery period due to the failure of the army in halting the […]