Egypt has convened Libyan factions involved in the political process in the oil-rich North African country, asking them to establish modern democratic state and end polarization. Egypt’s Chief of Staff, Lieutenant General Mahmoud Hegazy, who heads the Egyptian committee mediating the Libyan crisis, this week held three-day talks with Libyan delegations from the cities of […]
Morocco’s central bank has prepared a draft law that would set up a secondary market in which non-performing loans, currently at 9.8 billion dollars, can be sold, in a move that will boost banks’ liquidity. The news was announced by director general of the central bank, Bank Al Maghrib, Abderrahim Bouazza, who said non-performing loans […]
Spanish Foreign Minister Arancha Gonzalez Laya reiterated her country’s unwavering position on the Sahara issue during her visit to Algeria on Wednesday March 4, much to the distress of Algerian rulers. At a press conference in Algiers, the Spanish official, who was expecting questions on bilateral relations, was instead peppered with questions on Spain’s […]
