Morocco: Banking deposits surge 72% over a decade reaching $120 billion

Banking deposits in Morocco have experienced consistent growth over the past decade, reaching 1.271 trillion dirhams ($120 billion) in 2024 compared to 740 billion dirhams in 2014, representing a remarkable 72% increase. Bank Al-Maghrib monetary statistics confirm this robust upward trajectory, with deposits surpassing the one trillion-dirham milestone in 2020. The growth pattern demonstrates strong […]

Tunisia’s Natural Gas Output Falls 11%

Tunisia’s natural gas resources have declined by 11% as of May 2025, totalling 809 kilotonnes of oil equivalent (ktep), according to the latest report from the National Observatory for Energy and Mines. This includes both domestic output and fiscal royalties from Algerian gas transit. Key gas fields such as Nawara, Hasdrubal, and Miskar experienced sharp […]

Libya: IS Losing ground, GNA-backed Forces Recapture 2 Towns near Sirte

Militia fighters loyal to the Government of National Accord (GNA) announced on Tuesday they recaptured two key towns near Sirte; the nerve center of Islamic State in war-torn Libya. The coastal towns of Ben Jawad and Nofliya have been taken back from IS fighters, according to a statement issued by Petroleum Facilities Guard, loyal to […]