The Central Bank of Libya dismissed “rumors” about its financial data

The Central Bank of Libya (CBL) has formally dismissed what it describes as erroneous information and speculative reports regarding its recently disclosed financial statements. In a statement issued on its official Facebook page on September 19, the CBL highlighted that the data on public revenues and expenditures were published in full compliance with transparency protocols […]

Houthis’ Red Sea attacks spike Asia-Morocco shipping cost by over 60%

The hijacking of commercial ships and drone attacks by the Iran-backed Houthi rebels have disrupted global supply chains and sparked a jump in Asia-Morocco shipping costs by 60% to 100%. “The cost of shipping a 20-foot container from Shanghai to Casablanca increased from $1,450 to $2,800 (from €1,324 to €2,557) since last month’s 15th,” Rachid […]

U.S. Ambassador to Algeria: Washington’s Recognition of Moroccanness of Sahara is Irreversible and Historical Fact

The Algerian regime has been smacked with the remarks of U.S. Ambassador to Algeria Elizabeth Moore Aubin who affirmed that the American recognition of Morocco’s full sovereignty over its entire Saharan territory is a “historical fact” and an irreversible decision as evidenced by the Biden Administration which has maintained the U.S. stand announced by former […]