Home » September 30th, 2016 Entries posted on “September, 2016”

Morocco: Women-led Fog Harvesting Project Gets UN Prize

Dar Si Hmad, a women-led NGO in Morocco, which has installed the world’s largest operational fogwater harvesting system, has been granted the 2016 United Nations Framework Convention on Climate Change (UNFCCC) Momentum for Change Award. The project has been rewarded for its innovative solution to persistent water stress where fog is abundant, a technique inspired […]

September 30th, 2016 | Posted in Headlines,World News | Read More »

Egypt: Court Clears Way for Transfer of Two Islands to KSA

The Court of Urgent Matters (CUM) issued an injunction on Thursday cancelling another court ruling that has blocked the transfer of the strategic islands of Tiran and Sanafir to Saudi Arabia. The court ruling has generated mixed feelings in the country and there are expectations that it would be appealed. Some analysts fear however that […]

September 30th, 2016 | Posted in Gulf News,Headlines | Read More »

Libya not Concerned by OPEC Output Cut Agreement

A day after the Organization of Petroleum Exporting Countries (OPEC) reached a deal Wednesday to reduce output by almost 700,000bpd collectively, Libya has stated that it will be an exception to the deal that could be finalized in November during the oil cartel summit. The deal was reached on the sidelines of the International Economic […]

September 30th, 2016 | Posted in Energy,Headlines,World News | Read More »

KSA: JASTA Would Lead to “Serious Unintended Consequences”, Riyadh Tells US Congress

Riyadh has reacted to the Justice Against Sponsors of Terrorism Act (JASTA) by calling on the US Congress that rejected President Obama’s veto “to avoid the serious unintended consequences that may ensue” from the enactment of the law because “the erosion of sovereign immunity will have a negative impact on all nations, including the United […]

September 30th, 2016 | Posted in Gulf News,Headlines | Read More »

Libya: Obama Likely to Extend US Air Campaign against IS for Another Month

US President Barack Obama is expected to prolong for a third consecutive month the US air campaign in Libya against the Islamic State (IS) militants, Fox News reported citing US security officials close to the campaign. The US air force on August 1 launched campaign against IS fighters in Sirte; a town halfway between Tripoli […]

September 29th, 2016 | Posted in Headlines,World News | Read More »

Oil Prices Soar as OPEC Members Reach Landmark Agreement to Cut Output

In a bid to address the global glut of oil supply, members of OPEC reached a landmark agreement, at a meeting in Algiers, to cut their collective oil output sending oil prices soaring by 5%. The member states of the oil cartel reached a consensus that output cuts are needed to help lift prices and […]

September 29th, 2016 | Posted in Headlines,World News | Read More »

Algeria: State-Banks to be privatized

A senior Algerian government official under the condition of anonymity has revealed that authorities are preparing to invite foreign and private investors to acquire controlling stakes in state-run banks. There are six (6) state banks in the country and they dominate the market but the low oil prices are forcing the government to develop its […]

September 28th, 2016 | Posted in Energy,Finance,Headlines,World News | Read More »

Libya: Haftar Explains His Vision of New Libya

Field Marshall Khalifa Haftar, who was not straightforward about his ambitions to serve as the country’s leader, has however stated in an interview, “military people who were elected to lead their country achieved remarkable success.” Libya needs a leader with “high-level military experience” to govern it, He said giving examples of senior military leaders that […]

September 28th, 2016 | Posted in Headlines,World News | Read More »

Lebanon: “Wahhabism More Evil than Israel”, Nasrallah

Secretary General of Hezbollah, Hassan Nasrallah, has lashed out at Saudi Arabia claiming that “Wahhabism is more evil than Israel, especially (in) that it seeks to destroy others and eliminate whatever thing that has to do with Islam and its history.” He distanced his recent criticisms from sectarianism as he called for support “to pin […]

September 28th, 2016 | Posted in Headlines,World News | Read More »

Morocco: Aerospace Industry Enters New Expansion Phase with Boeing

The aerospace industry in Morocco has entered a new expansion phase, with the signing on Tuesday of a memorandum of understanding for the establishment of a Boeing industrial ecosystem in Morocco, at a ceremony chaired by King Mohammed VI, in the Royal Palace in Tangier. The project, a partnership between Morocco and Boeing, the world’s […]

September 27th, 2016 | Posted in Headlines,World News | Read More »