Libya’s National Oil Corporation (NOC) says the sinking of the Russian gas tanker Arctic Metagas off the Libyan coast has not disrupted oil and gas supplies or fuel distribution in the country. The Cotrporation stressed in a statement that tanker traffic at Libyan Ports continues to operate normally. The NOC explained that the vessel […]
Reports have been claiming that Dubai’s Majid Al Futtaim# (MAF) was in talks with Egypt’s Mansour Group# to buy its supermarket business in a deal valued at $200 million to $300m and it has led to Arabian Gulf firms present in Egypt to develop a zeal for expansion despite low valuations. It’s also signaling a […]
After leaving the grey list of the Financial Action Task Force (FATF) thanks to its financial transparence, Morocco exits the European Commission’s list of high-risk countries presenting strategic deficiencies in their anti-money laundering and countering the financing of terrorism (AML/CFT). The decision, announced this Wednesday by the European Commission, will help Morocco attract more foreign […]
