DUBAI - Three state-owned Gulf firms are considering a joint bid for a minority stake in Occidental Petroleum Corp's Middle East and North Africa (MENA) unit, a deal that could be worth between $8 billion and $10 billion, three banking sources said.
Recent Africa News
DOHA - U.S. Defense Secretary Chuck Hagel has authorized military transport aircraft to carry troops from Burundi to the Central African Republic to support a French-led effort to stop the spread of sectarian violence in that country, a Pentagon spokesman said.
LONDON - As world leaders bury hatchets for the day and unite in paying respects to Nelson Mandela, the late South African leader may have a chance to promote peace, in death as he did in life.
JOHANNESBURG - South Africans have flocked to see "Mandela: Long Walk to Freedom" since the death of the anti-apartheid hero at 95 last week, seizing what they see as a chance to reflect on his life.
JERUSALEM - Neither Israel's prime minister nor president will attend South Africa's commemorations of the late Nelson Mandela this week, officials said, a notable absence at events expected to draw more than 70 world leaders.
LONDON - Former Goldman Sachs banker Elias Preko was sentenced to 4-1/2 years in prison by a London court on Monday for laundering $5 million on behalf of James Ibori, the former governor of Nigeria's oil-producing state of Delta.
CAIRO - Harboring grudges that date back to the ouster of Hosni Mubarak in 2011, Egypt’s Interior Ministry and police, not the army, were prime movers in overthrowing the country’s first democratically elected president, Mohamed Mursi. Full Article | Slideshow