Energy Headlines Morocco

Converting Debt to Shares, a Possible Scenario to Save Morocco’s Sole refinery

Creditors of Morocco’s sole refinery, Samir, are putting on the table the alternative of converting the massive 43-billion-dirham debt ($4.55 billion) into shares, a move that entails giving creditors a say in the board of trustees, Moroccan media reported on July 11. After an appeals court in Casablanca upheld a ruling placing the refinery into […]

Headlines Morocco

Moroccan, U.S. Troops to Hold Military Exercise “African Lion” April 18-27

Moroccan and American servicemen will organize their joint annual military exercise “African Lion” from April 18 to 27 in southern Morocco, according to press reports. This military drill seeks to improve interoperability and mutual understanding of each nation’s tactics, techniques and procedures. It involves various types of training including command post, live-fire and maneuvering, peace […]

Egypt Headlines

Egypt, Spain bolster military cooperation

Egypt’s Chief of Staff flew to Madrid on Sunday to hold high level military talks initiated by both countries to strengthen their military cooperation and develop common strategy against terrorism. The Head of Egyptian army forces Mahmoud Hegazy will meet his Spanish counterpart and Spanish high profile military figures. Hegazy’s visit follows the visit Egypt’s […]

Headlines International

Palestine: Israel to seal off Jerusalem to curb attacks

Clashes between Palestinians and Israeli forces in Jerusalem continue to increase as casualties on both sides are on the rise. Some members of Hamas are already calling it an Intifada and the Israeli security cabinet has issued a statement on Wednesday announcing the measures adopted to curb the attacks, including the sealing off of parts […]

Headlines Morocco

UN: Rabat Lays Out Its Comprehensive Counter-terror Strategy

Morocco, a major ally of Washington and Western powers in North Africa, has laid out in New York its proactive strategy mapped out to fight terrorism which is threatening the peace and stability of the region and of the whole world. Addressing the 6th ministerial meeting of the Global Counter-terrorism Forum (GCTF,) convened over the […]

Asia International

Palestine-UN: Palestinians shall hoist their flag at UN buildings

Palestinian diplomacy won a landmark victory Thursday as a large number of the UN General Assembly members voted for hoisting the Palestinian flag alongside other nations at the UN Headquarters and offices. The UN General Assembly on Thursday decided that “the flags of non-member observer States shall be raised at the world body’s headquarters and […]

Egypt Headlines

Egypt: U.S to increase forces in the Sinai

The Pentagon will increase the number of its troops present in the Sinai peninsula under the Multinational Force of Observers (MOF) to more than 700 with “adequate force protection.” The decision was made after four U.S soldiers were injured by an improvised explosive device on September 3. The rising threat posed by armed militias and […]

Business Energy

Israel: Leviathan gas deal approved amidst criticisms

The Israeli cabinet approved the deal signed between Israel and a consortium including U.S. firm Noble Energy on the production of natural gas at the offshore Leviathan field located in the Mediterranean amid criticisms that it is detrimental to the interest of the average Israeli citizen because the conditions of the deal do not encourage […]

Egypt Headlines

Egypt: “Suez Canal expansion, more of a political benefit than economic good,” pundits

Economic experts and businessmen familiar with the Suez Canal say the expansion of the canal may not yield the results claimed by authorities. The new canal, to be inaugurated in great fanfare this Thursday, is already raising criticism and doubt. Ahmed Kamaly, an economist with the American University in Cairo indicated that the mega project […]