Foreign investment in Algeria plummeted to $1.2 billion in 2017, a drop of 26 per cent compared to 2016, according to the UN Conference on Trade and Development (UNCTAD). The figures show Algeria’s perceived unfriendliness among foreign investors who are expecting genuine reforms that inspire confidence instead of superficial measures. In the Doing Business Index, […]
The Kingdom of Morocco highlighted the need for preserving the stability of Gabon and the tranquility of its people, following a coup that annulled elections in the oil-rich country. “Morocco closely follows the situation as it unfolds in the Republic of Gabon,” Morocco’s foreign ministry said in a statement. “Morocco underlines the importance of preserving […]
The Libyan government based in Tripoli suspended oil minister Mohamed Oun, as investigations are ongoing into his involvement in alleged corruption, a Libyan watchdog known as Administrative Control Authority (ACA) said. Oun said he will contest the decision, adding that he has not received a notice yet. Libyan media cited an ACA statement which confirms […]
