Libya has reached a significant milestone in its post-conflict recovery, with rival political institutions agreeing to adopt a unified state budget for the first time in over 13 years. Governor of the Central Bank of Libya, Naji Issa, announced over the week-end that the eastern-based House of Representatives and the Tripoli-based High Council of State […]
Libyan warring factions will hold this Friday a new round of UN-brokered peace talks in the Moroccan city of Skhirat in a bid to reach a cease-fire and prepare the grounds for a lasting peace. Libya has two rival governments and two parliaments, one based in the east recognized by the international community, while the […]
The International Monetary Fund (IMF) is calling on Egypt to cancel all low-interest lending initiatives including loans for small- and medium-sized enterprises (SMEs) and businesses operating in the tourism and mortgage sectors, three government sources who asked not be named told Al-Sharq business. The Washington-based institution told the central bank to cancel all low-interest initiatives, […]
