UN Committee of 24

Algeria: Bouteflika Sues Le Monde over Panama Papers Scandal

The Algerian President has launched a lawsuit against French Paper le Monde for having published in April on its front page a picture of the Algerian President at the side of world leaders cited in the Panama Paper leaks. President Bouteflika’s lawyers have reportedly demanded €10,000 for compensation for moral prejudice suffered by the Algerian […]

Libya Secures Landmark Unified Budget Deal After Years of Political Division

Libya has reached a significant milestone in its post-conflict recovery, with rival political institutions agreeing to adopt a unified state budget for the first time in over 13 years. Governor of the Central Bank of Libya, Naji Issa, announced over the week-end that the eastern-based House of Representatives and the Tripoli-based High Council of State […]

Tunisia to tap Sukuk market

Tunisia will be introducing its financial transactions to Sukuk for the first time next year alongside Egypt according to CIMB Group Holdings and OCBC Al-Amin Bank with the global sukuk sales tipped to surpass 2012 record of $46 billion in 2013. Sukuk has been attracting countries after the global economic crises took centre stage. Countries […]