Business & Economy Bound

Energy: Libya says agreement on major gas development project reached with Italy’s ENIF

Libya's National Oil Corporation said Wednesday it had reached an $8-billion deal with Italian energy giant ENI to develop offshore hydrocarbon sites. "We have reached a deal with ENI to develop the oil and gas sector, by developing two offshore sites which together...
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Egypt: Channeling more than 1.4 billion tons of cargo, Suez Canal sees revenues up 77% in 2022F

Egypt's Suez Canal Authority announced Wednesday an all-time annual revenue record, earning $8 billion in transit fees in 2022, as the country balks under a worsening economic crisis. The income from the vital waterway is about 25 percent higher than the $6.3 billion...
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Energy: New Italian PM heads to Algeria to secure more gasF

Italian Prime Minister Giorgia Meloni agreed Monday to strengthen energy cooperation with Africa's top gas exporter Algeria, the latest European country seeking supply deals to help reduce reliance on Russia. "Facing the great energy crisis that Europe in particular...
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Economy: Tunisia gets food donations from LibyaF

Food shortages and rising cost of commodities in Tunisia: briefly explained Conflict-wracked Libya donated several dozen trucks of food supplies on Tuesday to neighbouring Tunisia, the Libyan embassy said, months into an economic crisis that has seen repeated...
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