Libya: UN Peace Plan Rejected by MPs, Raising Serious Concerns

The UN-brokered peace plan proposing a unity government has hit another unexpected snag, dashing all hopes to restore peace and stability to this North African country. MPs of the internationally recognized parliament, based in Tobruk, have rejected on Monday the proposed new government, demanding major changes. Last December, UN announced the creation of a unity […]

Haftar forces cut water supplies in Tripoli amid coronavirus health crisis

UN-backed Government of National (GNA) has condemned and called on the international community to rein in rebel Gen. Khalifa Haftar whose forces have cut water supplies in capital Tripoli amid the spread of the novel coronavirus disease. The GNA’s interior ministry, Middle East Monitor reports, in statement issued Thursday likened the interruption of the water […]

Algeria’s fiscal model under strain, warns IMF

Algeria’s economic foundations are showing serious cracks, including an unsustainable fiscal system, rigid economic structure, dependence on oil and mounting external vulnerabilities, the IMF warned in a new report. The budget deficit expanded to 13.9% of GDP in 2024, one of the highest in the region, the IMF said, noting that this sharp deterioration stems […]