Libya
Libya records slight increase in oil production but decline in gas output
According to the latest figures from Libya’s National Oil Corporation (NOC), crude oil production saw a modest rise this
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Italy is planning to invite numerous African countries including Algeria, Egypt, and Tunisia, along with representatives of the African Union to the Group of Seven (G7) leaders' summit it will host in mid-June, according to Reuters.
The G7 includes the United States, Britain, Canada, France, Germany, Italy and Japan. The leaders' summit will take place in Borgo Egnazia, a resort in the southeastern Puglia region on June 13-15.
Italy holds the rotating presidency of the G7 for 2024. Migration and energy are the main concerns of the Italian premier with North Africa.
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Egypt
Egypt’s GDP for FY Q2 hits 4.3%
Egypt’s GDP growth rate continued to recover during Q2 FY 2024/2025, recording 4.3%, up from 2.3%
Tunisia
Brazilian cement giant Votorantim Cimentos divests its Tunisian interests to China’s Sinoma
Brazil’s Votorantim Cimentos has divested its assets located in Tunisia to Chinese based Sinoma Cement. Votorantim Cimentos said it
Egypt
Source: Israel concerned by Egyptian military buildup in Sinai
Israel has expressed concern over Egypt’s growing military presence in the Sinai Peninsula, warning that it could breach the
Algeria
Macron urges Algeria to pardon jailed writer
French President Emmanuel Macron urged Algerian President Abdelmadjid Tebboune to show “mercy and humanity” toward Boualem Sansal, AFP reports. The