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Algeria Still Lagging Behind in 2018 Economic Freedom Index

Algeria was ranked among the ten worst performing countries in the 2018 Economic Freedom Index, established by The Heritage Foundation, an American public policy think tank based in Washington, DC. Algeria scored 44.7/100 taking the 172 place in a ranking of 186 countries. Algeria came ahead of only 8 countries, some of them happened to […]

OCP Gleans $ 1.5 billion to Finance Large-Scale Investment Programs

L’Office Chérifien des Phosphates (OCP,) the Moroccan State-owned phosphates company, said last week it raised $ 1.55 billion in the first international bond issue having a solid emitter notation organized by an African company outside South Africa. OCP thus sold 10-year bonds to yield 5.625 percent for $1.25 billion and $300 million worth bonds that […]

Libya: Zeidan addresses eastern independent oil sales intention

The Libyan government is running out of patience with protesters who have laid siege on main ports and are now threatening to sell oil independently. Prime Minister Ali Zeidan has warned that the government will use all the force it has without any reservations if such attempts are made. Oil production and exportation is Libya’s […]