Day: January 9, 2017

Russia’s Rosneft Trying to Sell Shares in Algerian Gas, Oil Project – Reports

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Sputnik oil giant Rosneft is trying to sell shares of its oil and gas development project in Algeria, after it turned out to be not profitable, Kommersant newspaper reported Monday, citing sources in the industry. Rosneft is seeking to sell its share in the project concerning the development of the 245-South Block including the West- and East-Takuazet oil fields and the North-Tesselit gas condensate field. The newspaper added that Rosneft could not simply leave Algeria, since there would be high fees and forfeits, and that is why the company is…

Tunisian Prime Minister Chahed’Terror No Longer Has a Nationality’

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The suspect in the December terror attack in Berlin, which killed 12, came from Tunisia. SPIEGEL spoke to the country’s prime minister, Youssef Chahed, 41, about terrorism in his country and the problems facing its fragile democracy. Interview Conducted by Clemens Höges SPIEGEL: Mr. Prime Minister, how did you react when you learned that the suspected attacker in Berlin was a Tunisian? Chahed: I was appalled by what happened to the Germans, and my first thoughts were with the families of the victims. But the perpetrator, Anis Amri, does not stand for…

Fitch: IMF Deals Ease Frontier Market Pressures

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Support from the IMF has helped to mitigate external liquidity risks and reduced the medium-term default risks in several frontier markets that entered into new programmes in 2016, Fitch Ratings says. However, potential improvements in sovereign credit profiles will depend on each country’s level of compliance with IMF conditions, and implementation risks are often high. In the two years leading up to their IMF loans, Fitch took negative rating action on five of the eight sovereigns that entered Standby Arrangements or Extended Fund Facilities in 2016 – Iraq, Kenya, Sri…

Germany threatens to cut development aid to countries that refuse rejected asylum seekers

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Both German Vice Chancellor Sigmar Gabriel and Interior Minister Thomas de Maiziere have proposed that countries that do not accept rejected asylum seekers may not see German development aid. German Vice Chancellor Sigmar Gabriel and Interior Minister Thomas de Maiziere believe that countries that cannot accept rejected asylum seekers may not receive development aid, according to recent interviews. In an interview with news magazine “Der Spiegel,” Gabriel said, “those who do not cooperate sufficiently cannot hope to benefit from our development aid.” During an interview on German broadcaster ARD, de…