mohammed_vi-&-BAM Governor abdellatif_jouahri

Egypt: Bankruptcy evident if situation continues

President Morsi’s outstanding powers has led to demonstrations in the streets demanding him to relinquish them and it has made it effects on Egypt’s benchmark stock index is as it fell by almost 10% in the first trading session since the presidential decrees. The ongoing political tensions in an already paralyzed economy spread swiftly through […]

Morocco could tap into IMF credit line if oil prices soar

Morocco may activate its $4.5 billion IMF Flexible Credit Line (FCL) if global oil prices surge beyond $120 per barrel, Morocco’s central bank governor Abdellatif Jouahri said, highlighting that the country maintains powerful liquidity backstops and solid macro-economic fundamentals in the face of rising geopolitical uncertainty. Speaking at a press conference in Rabat following the […]

Libya: National Oil Corporation head resigns over health issues, acting Chief appointed

Farhat Bengdara, the head of Libya’s National Oil Corporation (NOC), has resigned due to health concerns, and Masoud Sulaiman has been appointed as the acting chief, the state-owned company confirmed on Thursday January 16. The resignation was accepted by Abdulhamid al-Dbeibah, head of the Government of National Unity, with Sulaiman now overseeing operations until a […]