IMF

Algiers struggling to salvage next Arab Summit amid signs of massive boycott

The Algerian military regime, sensing the failure of the upcoming Arab summit due next March in Algiers, has sent foreign minister Ramtan Al-Amamra to Riyadh in a desperate move to get support from Saudi Arabia for the summit amid mounting signs of boycott by Arab Gulf countries, in solidarity with Morocco. Algerian rulers are in […]

EBRD invests in first Green Bond in Morocco’s railway company

The European Bank for Reconstruction and Development (EBRD) announced Friday a €19.2million investment in a certified green bond issue of €95 million by Moroccan national railway company, ONCF. The investment will serve to refinance debt used to build an electrified high-speed rail line in the country. The EBRD is the only international investor in the […]

Libya targets refinery overhaul to cut fuel imports, strengthen economy

The Chairman of the National Oil Corporation, Masoud Suleiman, has identified the expansion of domestic fuel production as a strategic lever for revitalizing Libya’s economy, warning that ageing refinery designs, obsolete technologies and weak output have widened the gap between local supply and demand. He said Libya’s five basic refineries have a combined capacity of […]