IMF

Libya needs investments worth up to $4bln to boost oil production

Oil-dependent Libya needs to invest between $3 billion to $4 billion in order to reach a production level of 1.6 million barrels per day, acting oil minister Khalifa Abdulsadek told Reuters. In 2024, Libya was producing 1.4 million barrels per day, according to the National Oil Corporation. Oil represents up to 98% of Libya’s income. […]

Donald Trump’s Arrogant Tweets Play into Morocco’s Favor

Donald Trump has recently tweeted a threat to the countries that don’t vote for the joint North American bid to host the 2026 World Cup. Such tweets have so far played in favor of Morocco’s rival bid to host the tournament. “The U.S. has put together a STRONG bid w/ Canada & Mexico for the […]

Chatham House Expects 2018 to be a Year of ‘Civil Unrest’ for MENA Region

The worsening economic conditions and the lack of structural reforms to improve the living standards of the population is auguring ill for the MENA region, which should brace for a surge of civil unrest in 2018 says an analysis published on the website of the UK’s leading Think Thank, Chatham House. The analysis, signed by […]