Latin America

Mauritania: Islamic Corporation for Development partners Nouadhibou Free Zone Agency

Authorities of Nouadhibou’s Free Zone Agency and those of the Islamic Corporation for the Development of the Private Sector (ICD) have inked a Memorandum of Understanding (MoU) geared towards joining their efforts in establishing a prosperous cooperation in diverse sectors. The agreement will be a gateway to strengthen their partnership in developing the private sector […]

Algeria’s Sonatrach, Russian Lukoil ink cooperation MoU

Algeria’s state-run oil company Sonatrach and Russia’s Lukoil on Monday signed a Memorandum of Understanding (MoU) covering many cooperation areas including joint investment and production at home and abroad. Sonatrach said the agreement will enable both sides to identify joint investments in oil exploration and production in the North African country after the adoption of […]

Libya’s Central Bank announces provision of over $3 billion to resolve liquidity crisis

The Central Bank of Libya (CBL) has unveiled a significant initiative aimed at bolstering the country’s banking sector by allocating 15 billion dinars (over 3 billion USD) to all operational banks in the coming months. This distribution is set to be implemented across all bank branches throughout Libya. This announcement followed a crucial meeting held […]