Libya managed to reduce its budget deficit in 2017 thanks to a sharp rise in oil revenues totaling $14 billion, the Libyan Central Bank said. The exponential increase in oil revenues up from $4.8 billion in 2016 is still much below the $50 billion registered in Libya before the fall of Gaddafi’s rule. The Central […]
Portuguese president Marcelo Rebelo de Sousa starts this Monday a visit to Morocco at the invitation of King Mohammed VI to give a new momentum to the thriving cooperation between the two countries. During this visit, first of its kind to an Arab country, the Portuguese Head of State will meet the Moroccan Sovereign who […]
UN has presented a six-point proposal to end the stand-off between the two rival governments in Tripoli but it is yet to be accepted. The plan entails a “presidential council” with two deputies and “independent personalities not belonging to any party or affiliated with any group” to oversee the transitional period of the country during […]
