Arab League

Libya: GNA suspends operation licenses for 40 companies including French Total

UN-backed Government of National Accord (GNA) has suspended oil exploration and production licenses for around 40 foreign companies including French multinational Total. The decision confirmed by economy minister Ali Abdulaziz Issawi said the companies’ licenses expired. Total, aerospace company Thales and the telecoms company Alcatel are among firms to be affected by the move, which […]

China’s economic malaise and how it will impact on African countries

With China’s Central Bank making Tuesday (15 August) its largest interest-rate cut since the pandemic and news that its economy has fallen into deflation, the implications of this economic instability in China could have repercussions for Africa, experts warn. China’s National Bureau of Statistics (NBS) said Tuesday (15 August) it would stop releasing youth unemployment […]

Algeria’s oil and gas revenue shrinks 41% by September

Algeria’s oil and gas exports dropped 41% to 14.6 billion dirhams in the first nine months this year, casting a shadow of deep uncertainty for a country that relies on hydrocarbons for more than 90% of its exports. Algeria’s energy minister Abdelmadjid Attar said that the drop was ascribed to low export volumes and low […]