Business & Economy Bound

Energy: Algeria set to increase prices of natural gas delivered to SpainF

Algerian state energy firm Sonatrach has agreed with Spanish buyer Naturgy to revise prices on gas deliveries through a key undersea pipeline, it said Thursday, as Europe gears up for a winter energy crunch. "Sonatrach and its partner Naturgy have agreed to revise the...

Libya-Turkey undersea gas deal angers European nationsF

Libya's Tripoli-based prime minister Abdulhamid Dbeibah has defended a deal signed earlier this week with Turkey over oil and gas exploration in the Mediterranean, which angered European nations. The memorandum of understanding, three years after a controversial...

Morocco takes new steps to bring to market cannabis for medicinal useF

The Morocco government issued for the first time on October 4, 2022, 10 permits to legally roll out the cannabis use for medicinal purposes. A regulatory agency ANRAC was set up to issue such permits and monitor the sector’s activities, from cultivation and processing...

Libya’s eastern government signs oil and gas exploration deal with Turkey, rival government rejects itF

Turkey's foreign minister signed a deal in Libya's capital Monday allowing for oil and gas exploration in Libya's Mediterranean waters, three years after a maritime border deal that angered European nations. "We've signed a memorandum of understanding on exploration...

Tunisia’s president considering taxing the wealthy to prevent IMF meddlingF

Tunisia’s president considering taxing the wealthy to prevent IMF meddlingF

Jun 1, 2023

Tunisia's President Kais Saied on Thursday proposed taxing the North African country's wealthiest citizens as a way of...

Egypt: Cargo ship briefly grounded in Egypt’s Suez CanalF

May 25, 2023

A cargo ship ran aground Thursday in Egypt's Suez Canal before it was quickly refloated without interrupting traffic,...

Algeria’s wheat imports to hit record volumes this summer ($)F

Algeria’s wheat imports to hit record volumes this summer ($)F

May 15, 2023

The Algerian cereal authority, the Interprofessional Cereals Office (OAIC) has just placed a purchase order for soft...

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