Ukraine seeks to woo Africa and ‘Global South’ in push to challenge Russia

Ukraine’s Volodymyr Zelenskyy held talks with “Global South” leaders during an Arab League and a Group of Seven (G7) summits last week while the country’s foreign minister is on a tour of Africa this week, all aimed at broadening support for Ukraine in its war against Russia. Zelenskyy held talks with India’s Narendra Modi and […]

IMF offers Morocco $1.3 bln loan to face climate risks

The International Monetary Fund will lend Morocco $1.3 bln to help the country fend off climate change risks, Morocco’s news agency reported. “The IMF concluded a staff-level agreement with Morocco to provide $1.3 billion in financing over the long term,” the agency said, citing IMF chief Kristalina Georgieva. Georgieva made the announcement during her participation […]

Libya: National Oil Corporation transferred over $14 billion to Central Bank since January

Libya’s National Oil Corporation (NOC) announced this December that it has transferred over $14.8 billion in oil revenues to the Central Bank of Libya since the beginning of 2024. This substantial amount was sent through 23 separate transactions, highlighting the vital role of oil in sustaining Libya’s economy. According to the NOC’s statement, the precise […]