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Lebanon:Arrest warrant against Algeria’s Sonatrach local CEO

A court in Lebanon has issued an arrest warrant against Chief of local Algerian oil company Sonatrach after the company has been accused of selling adulterated fuel and of corruption. Judge Nicolas Mansour, prosecutor of Mont-Liban court of appeal ordered the arrest of Tarek Faoual and several employees of Sonatrach Petroleum (SPC), a subsidiary of […]

Morocco opens embassy in Gambia

Morocco officially opened its embassy in Gambia’s capital Banjul, expressing strong willingness to deepen ties at all levels. Morocco’s foreign minister Nasser Bourita inaugurated the embassy on the sidelines of his attendance of an OIC summit in Banjul. The opening was attended by Gambia’s foreign minister and members of the accredited diplomatic corps. Morocco and […]

IMF urges Libya to agree on unified budget for 2025

The International Monetary Fund has urged Libyan authorities to prioritize spending through an approved and unified 2025 budget to prevent pro-cyclical expenditure and enhance resource management. The IMF announced on December 10 that Libya’s recovery in oil production has led to an upward revision of the country’s GDP growth forecast for 2025. In its report […]