King

IFC lends OCP 100 mln euros to build four solar plants

The International Finance Corporation (IFC), an offshoot of the World Bank, agreed to lend Morocco’s phosphates and fertilizers giant OCP 100 million euros to fund the building of four solar plants, the two parties said. The agreement was announced during the International Monetary Fund-World Bank Group Spring Meetings in Washington DC. The green loan will […]

Thirty-Two Bangladeshi Migrants Rescued After Boat Capsizes off Libya’s Northeastern Coast

Thirty-two Bangladeshi migrants were rescued on Tuesday, 16 December, after their boat capsized off the coast of Al-Haniya, a town in northeastern Libya, according to the Al-Jabal Al-Akhdar branch of Libya’s Anti-Illegal Immigration Agency. All those on board were safely retrieved and transferred to the Al-Bayda detention and reception Centre, where they received first aid […]

Libya’s Parliament, Central Bank discuss economic reforms amid cash crisis

Libya’s Speaker of Parliament Aguila Saleh met with Central Bank Governor Najee Issa and his deputy Marai al-Barassi in Benghazi on Wednesday, August 20, to discuss planned economic reforms and monetary policy. The talks, attended by Deputy Speakers Fawzi al-Nuwairi and Misbah Douma, centered on tackling the country’s ongoing liquidity crisis and advancing electronic payment […]