UK-based oil and gas exploration company, Genel Energy, has agreed with the Moroccan government over the nature, scope and timing of the activity at the Sidi Moussa offshore licensed acreage in Morocco. Under the terms of the agreement, Genel’s previous commitment to drill one well on the license has been replaced by an undertaking to […]
The Organization of Islamic Cooperation and the Arab League condemned foreign interferences in their member-states’ internal affairs and expressed support for Morocco in its dispute with Iran. Morocco cut diplomatic ties with Iran over its involvement in facilitating an alliance between its proxy Hezbollah and the Algerian-backed separatist group the Polisario. Morocco’s foreign minister said […]
Libya is enacting extraordinary measures to tackle its persistent liquidity crisis. On December 5, 2024, the Central Bank of Libya announced a partnership with the British company ‘De La Rue’ to print 30 billion dinars (approximately $6.25 billion) in new currency. This decision follows years of acute financial difficulties, compounded by political instability since the […]
