refinery

WB: Morocco needs to invest $2.6 Bln annually for its decarbonization transition

Morocco’s transition to low-carbon economy requires an annual investment of $2.6 billion through 2030, rising to $17.4 billion annually by 2050, according to a report released by the World Bank The money will be spent on new clean energy solutions and technologies, explained the report titled: Scaling up to phase down: Financing Energy Transitions in […]

Rise of the ‘Renmimbi’ to the International Stage: A Win-Win Game for the Emerging Multi-Polar Global Economy

Empirical studies show that the international monetary system is already tripolar. The Chinese currency, the renmimbi, has increasingly become a reference currency, as one which exhibits a high degree of co-movements with other currencies. In the wake of the 2008 financial crisis, the renmimbi has accelerated its standing as the East-Asia exchange rate reference currency […]

Militia group seizes power in Libya, cancels Dec. 24 elections

A powerful militia group in the Libyan capital Tripoli seized power on Wednesday night and cancelled the scheduled Dec. 24 elections, reports say. Forces belonging to Al-Samud brigade have taken control of the headquarters of the ministry of defense and the Presidential Council (PC), Tunisie Numerique reports citing local TV Al Ghad. “Presidential elections will […]