Category: North Africa

The filling rate of the 65 dams in operation throughout the country exceeded 72%, said Water Resource and Environment Ministry, which added that 10 dams are totally full, while eight others exceeded 90% of their storage capacity. Water intakes recorded following the recent rains in several provinces of the country until Thursday (March 24) were…

The Israeli Supreme Court ruled Sunday to halt the Israeli government’s plan to regulate the natural gas industry, in a move that is set to complicate export deals with Egypt and other states. In November, Israel’s Leviathan partners entered into negotiations with Egypt’s Dolphinus Holdings to supply as much as 4 billion cubic meters of…

An Egyptair domestic flight from Alexandria to Cairo was hijacked on Tuesday and landed in Cyprus, Egyptian officials and Cyprus state radio said. The Cyprus Broadcasting Corporation reported that 55 passengers were on board and a crew of seven. At least one man was thought to be armed. The hijacking occurred in Cyprus’s flight information region…

The national carrier company Tunisair announces in a press release Tuesday, that its flights will be resumed as of Thursday, to the Brussels-Zaventem airport, closed Tuesday and Wednesday following a terrorist attack. The company also lets know that it will charter an Airbus A330 to this airport to ensure the transport of the passengers who…

After a deep slide in oil prices, Algeria’s Sonatrach is shifting strategy to offer foreign firms direct negotiations to buy stakes in 20 oil and gas fields in a bid to attract investors and increase output, a source at the state energy company said. The campaign to bring in energy investment comes at a crucial…

Air Algerie CEO, Mohamed Abdou Bouderbala announced Tuesday, in Oran, the temporary suspension of airplane tickets to Belgium following the attacks which targeted, in the morning, the Brussels-Zaventem international airport. “We do not have regular flights to Brussels this Tuesday and Wednesday but we have decided to suspend the marketing of tickets to Belgium until…

Cairo — Prime Minister Abdelmalek Sellal affirmed that Algeria will spare no effort to support any step aimed at unifying the Arab ranks and strengthening the Arab Nation’s cohesion. “Concerning the situation in the Arab world, we affirm that the return to stability and security is a major priority, without which we cannot consider a…

Cairo — Egypt’s central bank raised the key interest rates by 1.5 per cent (150 basis points) during its Monetary Policy Committee meeting on Thursday. This comes after the Central Bank of Egypt (CBE) devalued the Egyptian pound on Monday by 14.5 per cent, such that the Egyptian pound reached 8.85 against the dollar instead…

An Algerian gas plant jointly operated by foreign energy giants came under attack on Friday with rocket-propelled grenades, Algerian officials have said. The Army “scuttled this attempted terrorist attack and immediately surrounded the zone,” the ministry said in a statement. There were no reports of casualties or injuries from attack on the In Salah Gas…

Egypt’s main stock index climbed 3.6 per cent on Thursday, closing off the week with a surge of 14 per cent. The bourse’s upsurge throughout the week was triggered by investor optimism following the devaluation of the Egyptian pound on Monday by 112 piastres, to reach 8.85 against the dollar instead of 7.73. The move…