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Libyan fields return benefit OMV

OMV, the Austrian oil and Gas Company which is partly owned by Abu Dhabi, has recently posted a 25 per cent rise in revenues after the revival of its production in Libya which was forced to halt when the uprising gained momentum. The company’s overall oil and gas production increased by 5 per cent last year with much of […]

Morocco’s Tanger Med port in vogue despite pandemic (Jeune Afrique)

The pan-African magazine “Jeune Afrique” highlighted, Tuesday, the good performance of Tanger Med port, that it described as the trendy giant despite the COVID-19 pandemic, noting that its results at the beginning of the year have surpassed those of 2020. “The Moroccan hub continues to draw its path in the Mediterranean Sea, where it has […]

Libya’s division, bureaucracy hinder investment flow- State Department

Division of state institutions, bureaucracy, and corruption were key obstacles to promoting foreign direct investments in war-torn Libya, despite the country’s colossal need in terms of infrastructure and economic diversification, the US State department said. “Despite the high potential for domestic and foreign investment in Libya due to its reconstruction needs, unmet consumer demand, and […]