Sahara: EU supports compromise-based political solution

The European Union reiterated on Thursday its support for the United Nations efforts to reach a just, lasting and mutually acceptable political solution to the Sahara issue, based on compromise . Commenting on Security Council Resolution 2468 on the Sahara adopted on April 30, an EU spokeswoman said “the EU supports the efforts of the […]

Instability from 2011 to 2020 cost Libya $1 trillion – Minister of Economy

Libya lost one trillion dollars due to the instability that engulfed the oil rich country from 2011 to 2020, Libyan Minister of Economy Mohamed Hwej has revealed. Libya descended into chaos in 2011 following a NATO-backed revolution that ousted and murdered leader Muammar Gaddafi. Subsequent efforts to unify the country had failed due to rivalry […]

Algeria Increases Fuel Prices as Crisis Bites

Battered by a sharp fall in hydrocarbon revenues, Algeria resorted to lifting subsidies on key commodities such as gasoline and diesel in a bid to shore up state finances. The Algerian parliament has taken the unpopular decision of cutting gasoline and diesel subsidies for the third as part of the 2018 budget in an attempt […]