The depreciation of all domestic currencies in the East African region over the past year has not led — in a defiance of conventional economic theory and expectations of regional economists — to the improvement in trade balances, putting more pressure on foreign exchange rates. The depreciation of a country’s currency is supposed to make […]
Spain has sounded the alarm over the steady enlistment of Sahrawis from the Tindouf camps, Algeria, into the ranks of the Islamic state group, ISIS. Fidel Sendagorta, Head of the European country’s foreign policy and security at the foreign ministry, has warned the Spanish Interior Ministry, the US embassy and other missions in Madrid about […]
Al-Waha Oil Company has achieved its highest oil production level in over 11 years, according to an announcement by the National Oil Corporation (NOC) on Wednesday, November 27. Daily production for Al-Waha reached 350,549 barrels of crude oil, contributing significantly to Libya’s total crude output of 1,380,470 barrels over the past 24 hours. Additionally, Libya’s […]
