New board of Central Bank of Libya confirms start of duties from Tripoli headquarters

The Board of Directors of the Central Bank of Libya, appointed by the Presidential Council, announced on Monday (August 26) evening that it has fully assumed its management duties. The announcement was made through a statement on the bank’s Facebook page. In the statement, the board affirmed its dedication to ensuring a smooth transition and […]

Morocco to create $4.8 bln strategic investment fund

Morocco will set up a strategic investment fund worth $4.8 billion to help the economy recover from the coronavirus impact, Finance Minister Mohamed Benchaaboun said Tuesday at a news conference in Rabat. The fund is part of a stimulus package of 120 billion dirhams ($12.8 bln) unveiled by King Mohammed VI at the Throne Day […]

For Algeria, no question of giving up chloroquine

Algerian health authorities do not intend to abandon chloroquine in coronavirus treatments, despite WHO’s decision to “temporarily” suspend clinical trials of the drug as a precautionary measure. “We have treated thousands of cases of coronavirus with the drug with great success to date. And we have not noted any adverse reactions,” Dr. Mohamed Bekkat, a […]