King with Ahmed Reda-Chami-M

Eastern Libya’s budget push signals strategic bid for oil leverage amid political deadlock

In a bold financial maneuver, Libya’s eastern-based authorities have fast-tracked the approval of a $12.7 billion infrastructure budget—framed as a national development drive, but widely viewed by analysts as a calculated step to consolidate control over oil revenue streams. Overseen by Belgassim Haftar, son of military strongman Khalifa Haftar, the Development and Reconstruction Fund is […]

Amnesty Urges Algeria to Stop Arrests & prosecutions of Ahmadis

Algeria must halt its clampdown against members of the minority Ahmadiyya religious movement, said Amnesty International, ahead of the appeal hearing on June 21 of six Ahmadis sentenced to up to four years in prison for charges relating to the exercise of their religion. At least 280 Ahmadi men and women have faced investigation or […]

Morocco: Flexible Exchange Rate won’t Affect Purchasing Power- Officials say

Almost one week after the launch of the Dirham float, head of Morocco’s central bank, Abdellatif Jouahri, and Economy and Finance Minister, Mohammed Boussaid, reassured that the flexible exchange rate will not lead to price hikes. Speaking at a joint session of the two houses of Parliament, the two officials offered briefings on the launch […]