Qatar
Qatar pledges $7.5 billion to boost Egypt’s economic revival
Qatar has pledged to inject $7.5 billion in direct investments into Egypt, according to a joint statement released by the Egyptian presidency on Monday.
Italian energy company Eni and British oil giant BP have resumed exploration in Libya after onshore drilling was halted in 2014, Libya's national oil corporation (NOC) said on Saturday.
The drilling had been halted due to the civil war © Mena Today
Italian energy company Eni and British oil giant BP have resumed exploration in Libya after onshore drilling was halted in 2014, Libya's national oil corporation (NOC) said on Saturday.
NOC also said in a statement that Eni had started drilling in an area of Ghadames basin on Saturday.
Reporting by Enas Alashray, Hatem Maher and Ahmed Elumami
Qatar has pledged to inject $7.5 billion in direct investments into Egypt, according to a joint statement released by the Egyptian presidency on Monday.
Private banks in Tunisia have quietly stopped issuing new loans with terms longer than 15 years, in response to new lending regulations that are squeezing profit margins, banking officials told Reuters.
Masdar, the United Arab Emirates’ leading renewable energy company, announced on Thursday that it has fully acquired Greek renewables firm Terna Energy, marking a significant step in its international growth strategy.
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