Morocco’s commitment to achieving development goals in Africa is part of the strategic vision of King Mohammed VI, said Minister of Foreign Affairs, Nasser Bourita, who is representing the Sovereign at the 37th African Union Summit being held Saturday and Sunday in Addis Ababa. Bourita recalled in this regard that the King stressed in his […]
The Executive Board of the International Monetary Fund (IMF) approved on July 22 a two-year arrangement for Morocco under the Precautionary and Liquidity Line (PLL) for 3.47 billion dollars. The new PLL arrangement will provide Morocco with useful insurance against external shocks as the authorities pursue their reform agenda aimed at further strengthening the economy’s […]
The Libyan Ministry of Oil and Gas announced that it collected a total of LYD 1,947,725,346.002 in royalties, taxes and related fees from concession and participation contract companies during January 2026. The breakdown shows that surface rentals contributed LYD 714,346.402, royalties amounted to LYD 127,731,131.644, and tax revenues totalled LYD 1,819,279,957.956. The ministry noted that crude oil accounted for the […]
