Bouteflika

UNHCR: Sahel violence displaces more than 700,000 in Burkina Faso

In 12 months, Sahel violence has displaced more than 700,000 in Burkina Faso, UN Refugee Agency, UNHCR reported. In Burkina Faso, the latest attacks by militants on civilians and local authorities have been forcing a daily average of more than 4,000 people to flee their homes and search for safety since January 1. So far, […]

Morocco’s Phosphates Revenues Stood at 42 billion Dirhams in 2016

The consolidated revenues of Morocco’s state-run phosphates company, Office Chérifien de Phosphate (OCP), fell to 42.47 billion dirhams in 2016, compared to 47.73 billion dirhams in 2015. The OCP, the world’s leading phosphates exporter, imputed the drop to the slide in phosphate and fertilizer prices, prompting efforts to increase production and cut costs to counter […]

Libya: Major crisis at the head of the Central Bank causes the dinar to fall against the dollar

The political deadlock in Libya continues, with the country facing a major crisis following the Libyan Presidential Council’s decision to dismiss Central Bank Governor Al-Siddik al-Kabir over a month ago. The Council’s move to appoint a new Governor and Management Committee has intensified divisions within the country, as this authority lies with Parliament and the […]