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Saudi Arabia’s budgetary deficit is set to continue to the next fiscal year after recording a $98billion deficit in 2015 with oil revenues providing 72% of the country’s income, compared to 87% last year, despite the drastic fall of prices. Read more
Egypt’s Energy Minister Mohamed Shaker told reporters that the contract for the construction of the Dabaa nuclear plant will be finalized next month with Russia; thereby ending the much awaited project that was announced since 2007 during President Mubarak’s era Read more
The Iraqi forces have recorded their first major success against the Islamic State since the war started as they push its militants out of central Ramadi. The advance is being hailed as a giant step in the march towards Mosul Read more
The Israeli government is working on increasing pressure on Brazil to accredit the appointment of Dani Dayan as its new ambassador four months after Prime Minister Netanyahu announced it. Brazil seems to be unwilling to welcome Dayan who is a Read more
Morocco, which will host the next UN conference on climate changes (COP22), is giving more visibility to foreign investors regarding the North African country’s ambitious plans set out in renewable energies to reduce emissions of greenhouse gases et boost green Read more
The Lebanese government has awarded an 18 month contract to two companies to export the country’s waste by sea and operations are expected to begin as soon as the companies complete their financial obligations. The move is not welcomed by Read more
Barely a year after winning the parliamentary elections, Nidae Tounes’s political power has been shaken with the departure of one of its founding members Mohsen Marzouk together with 31 members of parliament. Efforts to end the internal political dispute proved Read more
After reports in the beginning of the week that the national oil corporation created by the Tobruk-based government had signed an agreement with Egyptian General Petroleum Company (EGPC) for the supply of 2 million barrels of crude oil, the longtime Read more
According to U.N Special envoy Ismail Ould Cheikh Ahmed, the recently ended talks between the Hadi government and the Houthis was a “big progress but it’s not enough” as fighting continue on the ground. The talks were held on the Read more
Residents of Ramadi have been informed by the Iraqi forces to leave the city by Tuesday ahead of a probable major assault on the militants of the Islamic State group that has been controlling some parts of the city since Read more