Africa’s Soaring Demand for Energy Creates Oil Storage Opportunities for Investors

Africa’s annual appetite for gasoil and gasoline is expected to climb by as much as 8%, while demand for liquefied petroleum gas (LPG) has hit double digits. The continent’s growing home-grown energy supply will help satisfy some of the burgeoning demand. Africa produced 8.2m b/d of crude last year – 76% came from Nigeria, Algeria, Egypt and Angola, according to …

Egypt rejects Qatari offer to mediate between Sisi and the Muslim Brotherhood

Egypt has rejected an offer by Qatar to mediate between Abdel-Fattah El-Sisi and supporters of the currently imprisoned and ousted president Mohamed Morsi of the Muslim Brotherhood. The rejection comes days after Egypt flamboyantly announced its ‘gift to the world’ during the opening of the new Suez Canal in which Sisi and his supporters attempted to demonstrate a show of …

Egypt bombs militants loyal to ISIL in Libya following beheadings video

Egypt has announced that it has bombed militants who have pledged loyalty to ISIL following a video that was posted on the twitter feed of a website that supports ISIL purporting to show the beheading of 21 Egyptian Christians. President Abdel Fattah al-Sisi addressed the nation on state television hours after the release of the video condemning the killings and …

Editor’s Piece: ISIL thrives as the West blunders

ISIL’s explosive rise has upended the political status quo in the Middle East. Despite international efforts to contain and defeat the group, ISIL appears to be in solid control of its territory, demonstrating a daring and unprecedented financial self-efficiency not seen in other terrorist groups – even trading in oil with Mosul as its capital. More so, ISIL has demonstrated …