congo_basin

Algeria targets 13% gas production increment by 2019, Energy Minister

Algerian energy minister Salah Khebri has stated that the country plans to boost its natural gas production capacity which has been on the decline for the past couple of years. He said the objective is to increase production by at least 13% before the end of 2019. Its low gas output has affected government programs […]

Lebanon: the Shi’ite-Sunni crisis revived

The country’s sectarian crisis seems to be deepening as clashes broke out again between the sunnis and shite. Recent events took place in the Palestinian refugee camp of Ain el-Hilweh on the edge of Sidon where majority of the habitants are Sunnis and most of them followers of Sheikh Ahmed al-Aseer. Reports claim that clashes […]

Morocco’s central bank buys back excess hard currency in local forex market

Morocco’s central bank has bought $471 million of excess foreign currency from the local market to absorb excess and ensure the good functioning of the market. The central bank said in a statement that it will maintain hard currency auctions as long as necessary depending on the evolution of the foreign exchange market. In recent […]