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Libya: Rival governments unite for LIA against financial institutions

Fighting between Libya’s two rival governments continues and efforts to end it have still proven unsuccessful but the two parties have decided to unite behind the Libyan Investment Authority (LIA) in its battle in court against Goldman Sachs and Société Générale. Delegates of the Tobruk and Tripoli governments agreed in Berlin on Thursday to forgo […]

South African luxury Tycoon dethrones Nigeria’s Dangote as Africa’s wealthiest

In a surprising shift atop Africa’s wealth pyramid, South African business magnate Johann Rupert has claimed the title of the continent’s richest person, surpassing long-time leader Aliko Dangote of Nigeria. This changing of the guard reflects the volatile nature of global markets and regional economies. Rupert, the 74-year-old mastermind behind the world’s largest luxury watchmaker, […]

Sahara: Morocco sends letter to UN Security Council denouncing Algeria’s provocative statement

Morocco’s permanent representative to the UN, Ambassador Omar Hilale, sent a response letter to the President and members of the Security Council following the provocative and misleading statement of the Secretary General of the ministry of Foreign Affairs of Algeria regarding the Moroccan Sahara issue during a meeting of the Council, stressing that the Algerian […]