Libya loses $2bn over oil production shutdowns

In Libya, losses from the shutdown of major oil fields and terminals had surpassed $2bn, the National Oil Corporation of the war-torn nation said. Production has dropped from 1.2 million barrels a day before January to about 120,000 this week, the corporation said in a statement. The standoff over Libya’s main source of income has […]

Morocco Bolsters Land Forces with Abrams Tanks

Morocco is forging ahead with its plan to revitalize its land forces with the reception recently of another cargo of US-made M1A1 Abrams main battle tanks, Moroccan media reported. The new batch was received in the port of Casablanca as part of an order worth $1 billion providing for the supply of 220 Abrams tanks. […]

Demise of Abdelaziz Bouteflika: Morocco’s King extends condolences to Algerian Head of State, former President’s family

King Mohammed VI has sent a message of condolences and compassion to the Algerian Head of State following the demise of the former president Abdelaziz Bouteflika. In his message, King Mohammed VI said he learned the news of the death of Bouteflika with “deep sorrow and deep emotion,” and expressed in these painful circumstances to […]