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Libya Refuses Egypt Entry Into Market

Despite the surging interest, Libya continues to close its door to foreign banks on the basis that the legal framework is still under preparation. One of the latest banks to have its request rejected on numerous occasions by the Libyan Monetary Authority (LMA) is the National Bank of Egypt (NBE) according to reports. The NBE […]

Algeria: Hirak is back, divide between people and power persists

Algerians took to the streets on Monday Feb.22 22 to mark the second anniversary of Hirak, the popular movement that led to the fall of Algerian President Abdelaziz Bouteflika, and to tell the current government that nothing has changed with respect to Bouteflika’s government which ruled the country for two decades.   Thousands of Algerians […]

UN Warns Against Humanitarian Crisis with Hormuz Disruption of Shipments

Disruption to energy flows through the Strait of Hormuz is exacerbating the risk of a global food shock, as higher gas prices squeeze fertilizer production and other sectors outbid agricultural producers for key inputs and logistics. With hunger looming, life-saving fertilizer shipments cannot wait, Head of UN task force says. In normal times, one third […]