NewsNorth Africa

Tue,02Sep2014

North Africa

Algeria to launch $262 bln five-year investment plan

Photos@ReutersbouteflikaAlgeria will launch a new five-year investment plan worth $262 billion to boost domestic production and move its economy away from reliance on oil and gas, the government said.

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Second tanker waits to load oil at reopened Libyan port

Photo@libyaoilA second tanker started loading oil at Libya's Es Sider port, state-run National Oil Corp (NOC) said today, as the country's biggest crude export terminal swung back into action after being closed for a year.

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Egypt awards Suez hub project to consortium of army, Gulf engineering firm

Egypt announced today that a consortium that includes the Egyptian army and Bahrain-registered engineering firm Dar al-Handasah Shair and Partners are to develop an industrial and logistics hub in the Suez Canal area.

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Egypt: Sisi slashes subsidies

President Abdel Fattah al-Sisi of Egypt. Photo©ReutersSome union leaders see the unpopular move as a means of political leverage.

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Libya parliament seeks UN intervention

File photo©ReutersLibya has requested "international intervention" from the United Nations as it looks to dismantle militias causing civil unrest and insecurity.

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Pessimism over Mugabe's SADC and future AU roles

Photo©ReutersZimbabwe's veteran ruler, President Robert Mugabe this week assumes the role of Southern African Development Community (SADC) chairman amid grumblings from his local rivals that his leadership will be a burden to the country and the region. He 

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