mauritania boat wrechage

Libya: Zueitina oil port witnesses another disruption

Protesters who had subsequently disrupted operations at the oil port of Zueitina have returned again with claims that their demands for jobs have not been met, according to an engineer at the port. Loading of ships has been blocked and some oil fields prefer pumping water rather than oil to the port as a “precautionary […]

Libya to remove oil and food subsidies

Oil minister Al Arusi has announced that they will be joining the campaign against the sensitive fuel market reforms and will also be scrubbing off oil subsidies, which take more than 10% of the budget, before the end of 2016. The decision to remove fuel subsidies on all types of fuel is blamed on smuggling […]

In Q4 of 2023–2024, Egypt’s State debt decreases by 2.1%

Egypt’s total public debt fell by 2.1 percent in the final quarter of the 2023/2024 fiscal year, according to the Ministry of Finance. By the end of June, the debt had decreased to LE 12.52 trillion from LE 12.78 trillion recorded in March 2024. This reduction was primarily driven by a 2.7 percent decline in […]