Libyan NOC

Countries dependent on commodities hit 20-year high; Sub Saharan Africa hardest-affected region

The number of countries that depend on commodities has reached its highest level in 20 years, says a new UNCTAD report, noting that commodity dependence affects developing countries almost exclusively. According to the State of Commodity Dependence Report 2019 released last week, dependence on commodities affects 85% of least developed countries, 81% of landlocked developing […]

Egypt earmarks $75 million for two desalination plants

The Egyptian government has earmarked $75 million for two seawater desalination plants in the Suez Canal Economic Zone. The objective, according to the General Authority of the Suez Canal Economic Zone (SCZone), is to promote economic development in the east of the country. The $75 million investment will boost the seawater desalination capacity in the […]

Moroccan consul in Oran returns home after May diplomatic incident

Morocco’s consul in the Algerian city of Oran has returned to the kingdom, nearly a month after he allegedly branded Algeria “country enemy”. The diplomat left the country on board one of Royal Air Maroc flights that repatriated the Moroccans who were stuck in Algeria after Morocco closed its borders mid-March to limit the spread […]