Libya’s National Oil Corporation (NOC) has announced a significant new oil discovery in the Sirte Basin, located in central Libya. The find was made by the Austrian energy company OMV through its Libyan branch, marking the firm’s first exploration activity in the region. According to the NOC’s statement released on Wednesday, October 29, preliminary tests […]
Moderate Islamist party Ennahdha has won Sunday legislative elections according to exit polls. Polling firm, Sigma Conseil projects the party to garner 17.5 percent of Sunday’s vote, translating into 40 seats in the 217-member parliament. The polling agency places Heart of Tunisia party, a newly political movement of detained run-off candidate Nabil Karoui, second with […]
The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, highlighted Morocco’s exceptional economic management, noting that it is the only country in the MENA region eligible for the IMF’s Flexible Credit Line (FCL). At the IMF’s Spring Meetings, Georgieva commended Morocco for its robust fiscal and monetary policies, stating, “Morocco has done really […]
