BP Signs 1bln Deal to Drill for Gas Offshore Mauritania, Senegal

BP, oil and gas giant multinational, announced that it has signed a $916 billion joint agreement with US explorer Kosmos Energy to drill for gas offshore Mauritania and Senegal. Under this agreement, BP will acquire 62% interest in Kosmos explorations Read more

Bahrain: Rights Activists Ask British Prince to Cancel Visit to Manama

The announcement by Clarence House that Prince Charles will be visiting three Gulf countries, including Bahrain, in November has stirred the reaction of human rights campaigners, with some claiming that the visit will serve as an endorsement of the abuses Read more

Libya: Jadhran’s Attempt to Retake Oil Terminals Fails

The Petroleum Facilities Guard (PFG) led by Ibrahim Jadhran launched an offensive attack on the oil terminals of Ras Lanuf and Sidra that they lost last week to the Libya National Army (LNA) under Khalifa Haftar’s command. They were able Read more

Moody Downgrades KSA, Warns of Increasing Debt in Future

Over the weekend, credit rating company Moody’s downgraded Saudi Arabia by a notch from Aa3 to A1 citing that “a combination of lower growth, higher debt levels and smaller domestic and external buffers leave the Kingdom less well positioned to Read more

King Mohammed VI Hails GCC Strong Support to Morocco’s Territorial Integrity

King Mohammed VI has hailed the unwavering backing of GCC countries to Morocco’s territorial integrity currently targeted by some enemies seeking to destabilize the North African nation which has weathered Arab Spring storms. “The question of the Moroccan Sahara has Read more

Morocco-UAE: Emirati investors to pump around 37 million euros into Morocco’s Agriculture

Emirati investors have agreed to invest up to 37 million euros on six agriculture projects in Morocco, report say. Morocco’s Minister of fisheries and agriculture Aziz Akhannounch signed three agreements with UAE investors who promised to pump up around 37 Read more