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Economy & Business
Libya’s NOC and Hungary’s MOL Group Sign Strategic MoU to Expand Energy Cooperation
The National Oil Corporation (NOC) has signed a strategic memorandum of understanding with MOL Group, marking another step in Libya’s efforts to deepen international partnerships and strengthen its oil and gas sector.
The agreement was…
Saudi Arabia’s $400 Billion Investment Surge Signals New Era for Africa–Gulf Economic Partnership
As Africa accelerates its search for sustainable growth, industrialization, and global relevance, a powerful shift is taking place far beyond the continent’s borders — one that could reshape Africa’s economic future.
Saudi Arabia has…
Libya Signs Landmark $20 Billion Energy Deal With TotalEnergies and ConocoPhillips
Libya has taken a major step toward reshaping its energy future after signing a 25‑year oil and gas agreement with French energy giant TotalEnergies and US-based ConocoPhillips, securing more than $20 billion in foreign investment.
The…
Egypt and the US: Inside Cairo’s Diplomatic Push for Stability Across the Region
In a moment of renewed diplomatic engagement, Egypt has reinforced its strategic partnership with the United States through high-level talks in Cairo focused on some of the most critical geopolitical challenges facing the Middle East and…
Saudi Arabia’s Zahid Group Takes Over 123-Year-Old South African Giant Barloworld in Landmark $1.3…
In one of the most significant Middle East–Africa corporate takeovers in recent years, Saudi Arabia’s Zahid Group has officially completed the acquisition of South African industrial heavyweight Barloworld, sealing a deal worth R23 billion…
Saudi Arabia Opens New Gold Market in Africa, Challenging Dubai’s Longstanding Dominance
Saudi Arabia has taken a decisive step into Africa’s resource economy, announcing plans to begin direct purchases of gold from Sudan — a move that could reshape bullion trade across East and Central Africa and weaken Dubai’s historic grip…
Libya and Saudi Arabia Move to Deepen Energy Partnership
Libya and Saudi Arabia have taken fresh steps toward strengthening their energy relationship, following talks between Libya’s Minister of Oil and Gas, Khalifa Abdulsadek, and Saudi Arabia’s Energy Minister, Prince Abdulaziz bin Salman, in…
Ivory Coast Moves to Buy Entire Cocoa Stockpile as Prices Hit Two-Year Low
Ivory Coast, the world’s largest cocoa producer, has announced it will purchase the entire stockpile of cocoa beans held by local cooperatives, stepping in to protect farmers as global prices fall to their lowest level in two years.
The…
Mali Tightens Control Over Gold Mining Sector as Presidency Takes Direct Oversight
Mali’s military government has moved to tighten its grip over one of the country’s most strategic industries, placing the gold mining sector directly under presidential authority.
President Assimi Goita has created a new ministerial level…
IMF Approves $261 Million for Ethiopia as Reform Momentum Holds Under Extended Credit Facility
The International Monetary Fund has approved a new disbursement of $261 million for Ethiopia after completing the fourth review of the country’s 48‑month Extended Credit Facility (ECF) programme.
The latest release brings total IMF…