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Libya’s oil market still plagued by insecurity

The Libyan oil law being drafted by a committee is expected to be ready before September “if all goes well” according to oil minister Abdelbari al-Arusi. The law has to come into force before a licensing round can be launched, but most analysts remain pessimistic about the law being passed. Minister Arusi said that the […]

UK officially supports Moroccan Autonomy Plan as most credible, viable, pragmatic basis to settle Sahara dispute

The United Kingdom, permanent member of the UN Security Council, has joined many major super powers to express clear support for Morocco’s autonomy plan for the Sahara under Moroccan sovereignty, a plan it considers “the most credible, viable, and pragmatic basis for settling the dispute.” and said it intends to act in line with this […]

Morocco’s trade deficit slows to 1.5% in 2019

Morocco’s trade deficit has slowed to 1.5% in 2019 partly due to a fall in energy imports and a rise in agricultural and automotive sector exports. The import bill was 491 billion dirhams while exports stood at 282 billion dirhams. Energy imports decreased 7.2%, representing 15.6% of all imports, thanks to lower prices in international […]