libya-yt

Algeria’s Foreign Reserves Dwindle to $114 bln by end of 2016

Algeria’s finances have been severely battered by the slump in oil prices, dwindling from $178 billion in 2014 to $114 billion by the end of 2016, Algerian Prime Minister Abdelmalek Sellal said. Speaking to state television, Sellal set the tone for appeasing worries saying that the situation is under control as criticism mounts over the […]

Oil talks between Sudan and South Sudan end without deal amid pipeline disputes and post-war realignments

Efforts by Sudan and South Sudan to revise transit and processing fees for South Sudan’s crude oil exports concluded inconclusively, with no formal agreement reached following high-level meetings in Port-Sudan. Though talks were described as constructive by Sudanese officials, technical sources revealed significant differences remained over logistical adjustments, particularly at the Bashayer oil terminal. South […]

Saudi Arabia, UAE, Bahrain Condemn Iran’s support for Polisario

Morocco’s allies in the Gulf Cooperation Council, Saudi Arabia, the UAE and Bahrain, condemned Iran’s support for the Polisario separatists and welcomed the decision to sever ties with Tehran. Morocco announced Tuesday that it has cut diplomatic ties with Iran over its involvement in backing an alliance between Lebanese Shia militia Hezbollah and the Polisario […]