The Board of Directors of the Central Bank of Libya, appointed by the Presidential Council, announced on Monday (August 26) evening that it has fully assumed its management duties. The announcement was made through a statement on the bank’s Facebook page. In the statement, the board affirmed its dedication to ensuring a smooth transition and […]
Libyan forces aligned with renegade Field Marshal Khalifa Haftar Tuesday recaptured the two oil terminals lost to Benghazi Defense Brigades (BDB) earlier this month. The East-based army known as the Libyan National Army (LNA), defying the UN-backed Government of National Accord (GNA), lost Sidra and Ras Lanuf oil terminals on March 3 after BDB forces, […]
The fall in oil prices has taken a toll on Algeria’s foreign exchange reserves, which are expected to decline to $116 billion, Algria’s Prime Minister Abdelmalek Sellal said. At a context of a long-term slump in oil prices, the Algerian government is planning further cuts to curb spending over the next few years after the […]
