Libya needs investments worth up to $4bln to boost oil production

Oil-dependent Libya needs to invest between $3 billion to $4 billion in order to reach a production level of 1.6 million barrels per day, acting oil minister Khalifa Abdulsadek told Reuters. In 2024, Libya was producing 1.4 million barrels per day, according to the National Oil Corporation. Oil represents up to 98% of Libya’s income. […]

IMF Confirms Morocco Qualification for PLL

The Executive Board of the International Monetary Fund (IMF) has completed its 3rd and last review of Morocco’s economic performance under a program supported by a two-year Precautionary and Liquidity Line (PLL) arrangement, and reaffirmed Morocco’s continued qualification to access PLL resources. The current two-year PLL arrangement in an amount equivalent to SDR 3.2351 billion […]

After decades of anti‑Jewish rhetoric, Algeria says ‘why not?’ to normalization with Israel

For decades, Algeria’s foreign policy was built on an unshakable creed: “With Palestine, guilty or innocent.” That slogan has become a tenet of the regime’s quest to gain legitimacy while implementing anti‑Semitism policies that erased Algeria’s own Jewish heritage. The country that still bars Israeli passport holders from entry and which closed and converted synagogues […]