Africa Features Headlines International

Nairobi rises as UN global hub amid NY, Geneva office cost-cutting

Kenya’s capital Nairobi is set to become a major global hub for the United Nations, as the organization moves to decentralize operations and cut costs by relocating key offices from expensive cities like New York and Geneva. By late 2026, Kenya’s capital will host three new global offices — UN Women, the UN Children’s Fund […]

Energy Headlines Libya

Vienna-based OMV Group to resume drilling operations in Libya in February 2024

Austrian and Vienna-headquartered integrated oil, gas and petrochemical company OMV Group will resume exploration activities in February 2024, the North African country’s state-run oil company National Oil Corporation (NOC) has announced on Monday November 6. The announcement came after both sides held a technical meeting in Tripoli Sunday at NOC headquarters. The discussions touched on […]

Business Energy Finance

Libya: Moroccan BMCE Bank set to attract new investors

Libya’s National Oil Corporation (NOC) announced a deal with Morocco’s Banque Marocaine du Commerce Exterieur (BMCE) to attract new investors in a move defined as slap for the UN-backed Presidential Council. NOC head Mustafa Sanalla signed a Memorandum of Understanding (MoU) with BMCE’s Ibrahim Benjelloun Touimi in Vienna on Friday making the Moroccan bank one […]

Business Energy

Algeria to Push for Oil Production Freeze at Informal OPEC Talks

Algeria and other OPEC members whose budget took a toll on the backdrop of the oil price plunge are expected to push for a production freeze during an OPEC informal meeting scheduled for late September in Algiers. OPEC has lined up an informal meeting on the sidelines of the International Energy Forum in Algeria in […]

Egypt Headlines

Egypt Denies Insulting African Countries, Cairo to Investigate Allegations

Cairo has expressed doubts as to the veracity of allegations that a senior Egyptian official referred to African countries as “dogs and slaves” in Arabic at the UN Environment conference that took place last week in Kenya and stated that it will launch an investigation into the matter. The incident purportedly took place during consultations […]

Asia International

Russia offers to help Palestinians materialize statehood dream

Russian Foreign Minister Sergey Lavrov offered Russia’s support to help Palestinians attain their statehood dream as he met with Hamas exiled leader Khaled Mashaal in Doha Monday. Lavrov, whose country is member of the quartet mediating to end the Israeli- Palestinian conflict, has offered Monday to the Palestinian internationally decried Islamic movement Hamas its support […]

Asia Europe International

Iran : Time and political will to seal agreement, Foreign Minister Zarif

Iran has claimed that positive results have been gained from their discussions with the EU’s diplomatic Chief Catherine Ashton. Iran’s nuclear program has always been suspicious under the eyes of some regional countries and the West.  Foreign Minister Mohammad Javad Zarif said Tehran is “determined to find a solution that respects the rights of the […]

Business Energy Features

OPEC prepares meting ahead of production increment

The Organization of Petroleum Exporting Countries (OPEC) plans to gather more products from three member countries but is yet to give any exact mean to gather these productions. They are Iraq, Iran and Libya. The organization has drawn plans to meet on June 11 at Vienna to analyze the incumbent 30 million barrels of production […]