Eastern Libya’s budget push signals strategic bid for oil leverage amid political deadlock

In a bold financial maneuver, Libya’s eastern-based authorities have fast-tracked the approval of a $12.7 billion infrastructure budget—framed as a national development drive, but widely viewed by analysts as a calculated step to consolidate control over oil revenue streams. Overseen by Belgassim Haftar, son of military strongman Khalifa Haftar, the Development and Reconstruction Fund is […]

Libya, Sudan push for African Investment Bank to drive continental development

Libya and Sudan have reaffirmed on April 12 their commitment to advancing Africa’s economic architecture, with renewed efforts to operationalize the African Investment Bank positioned at the centre of their engagement.   Acting Libyan Foreign Minister Taher Al-Baour held talks in Tripoli with Sudan’s Foreign Minister Mohi El-Din Salem, focusing on regional developments and the […]

Spanish official pleads for defending Morocco-EU fisheries deal

Spanish has pleaded for defending the fisheries agreement between Morocco and the European Union, saying the deal is a “priority” for Spain. The Spanish official made the remarks following the decision of the EU Court of Justice on the Morocco-EU farm & fisheries deals. “The fisheries agreement is a priority for Spain, because of its […]