Algeria and other OPEC members whose budget took a toll on the backdrop of the oil price plunge are expected to push for a production freeze during an OPEC informal meeting scheduled for late September in Algiers. OPEC has lined up an informal meeting on the sidelines of the International Energy Forum in Algeria in […]
The UN mission in Libya (UNSMIL) has urged all parties to observe humanitarian truce in the suburbs of Tripoli to evacuate civilians and those wounded following the military offensive launched by General Khalifa Haftar of Eastern Libya to take control of the capital. UN Secretary-General Antonio Guterres condemned on Monday the military escalation and ongoing […]
Growth in the Middle East and North Africa region (MENA) is projected to increase from 1.8% in 2023 to 2,2% in 2024 and 4% in 2025, the International Monetary Fund (IMF) said Tuesday. This is a downward revision from the April projections, the IMF pointed out in its World Economic Outlook (WEO) report. In April, […]
