Libya’s NOC, Algeria’s sonatrach sign four energy cooperation deals
Libya’s National Oil Corporation (NOC) and Algeria’s Sonatrach signed four MoUs to boost collaboration in geophysical exploration, oilfield
Egypt’s motorcycle market grew for the third straight year, jumping 48.3% to 104,729 units after a 2024 total of 188,683. Chinese and Indian OEMs dominate. The economy, hit by currency devaluation, 38% inflation in 2023, and Gaza war fallout, grew just 2.4% in 2023/24. Reforms under an $8 billion IMF program and $24 billion UAE investment aim to stabilize. June inflation eased to 14.9%, with 2025/26 forecasts at 12.5%. Fuel subsidy cuts may prolong price pressures.
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