libya

Morocco’s subsidies spending spikes to $1 bln so far this year

Morocco’s spending on cooking gas, sugar and flour subsidies hit 10 billion dirhams ($1 bln) so far this year, compared with 3.8 billion dirhams the same period last year, official figures showed.   This 170% increase is mainly due to the simultaneous post-covid recovery which created high demand on commodities, worsened by an offer shortage […]

Libyan & Tunisian Central Banks sign cooperation agreement

The Central Bank of Libya (CBL) and its Tunisian counterpart BCT have inked a Memorandum of Understanding (MoU) for cooperation in many areas including fintech, Libya Herald reports.   The MoU, according to the CBL, provides for the transfer of experience of Tunisia’s Central Bank in the field of developing financial transactions (Fintech), and the […]

Algeria’s desperate diplomacy, jubilation at marginal gains

The President has been deployed himself at what appears as a life or death election for the position of “deputy” African Union commission chairperson, which was won by Algerian diplomat Selma Malika Haddadi. The Algerian large delegation- which came to campaign for their candidate equipped with lavished leather bags- burst out in jubilation in the […]