A suit has been filed against Goldman Sachs in London’s high court, by Libya’s sovereign investment fund, for making a profit of $350 million from the creation of $1 billion in derivatives trades that became valueless. With the Libyan Investment Authority, a sovereign fund, seeking losses from the trade, a spokesman for Goldman Sachs said […]
Algeria, the first African producer of natural gas and member of OPEC cartel, is still unable, after 50 years of independence, to provide heating to its pupils in schools. The Algerian League for the Defense of Human Rights (LADDH) denounced the alarming situation of thousands of pupils shivering from cold in their classroom while their […]
The International Monetary Fund has urged countries of the Middle East and North Africa to diversify their economies and implement policies that support jobs and productivity, like education and infrastructure reforms. Growth is slightly improving in this region, largely driven by higher oil prices and improved export prospects, said the IMF in its latest regional […]
