Libya may lose access to global financial markets if attempts are made to unseat the leadership of the Central Bank of Libya (CBL) by coercion, warned US Special Envoy to Libya Richard Norland. In a post on the “X” account of the US embassy, Norland also stated that disagreements on the allocation of Libya’s riches […]
The four tanks of the ship Xelo, which sank off the Gulf of Gabes, do not contain fuel, unlike what was reported by crew members who said the ship was loaded with 750 tons of diesel, representative of the Navy, Colonel Major Mazri Latif was quoted by TAP as saying. The tanks of the ship […]
Morocco is planning to set up a market for non-performing loans (NPLs) offering the possibility of buying and selling of unpaid loans beyond set deadline. Banks can sell NPLs to reduce risk, free up capital, and maintain profitability, while investors seek to profit by restructuring or recovering value. Morocco’s Central bank, Bank Al-Maghrib, has been […]
