Western Union

Italy’s Eni announces oil, gas discovery offshore Côte d’Ivoire

Italy’s Eni said it found significant reserves of oil and gas offshore Côte d’Ivoire, with a specific well in particular having as much as 1.5 billion barrels of oil equivalent of potential resources. This will be Eni’s second big hydrocarbon discovery off the West African nation over the past few years following on from its […]

Tunisia’s Electoral Commission to sue any attack of fraud in connection with July 25 referendum

Tunisia’s independent electoral commission, ISIE, Tuesday said it will sue any person who accuses it of having cooked results of the unpopular July 25 referendum that adopted President Kais Saied-proposed new constitution. Farouk Bouaskar, President of the body, also said during a press conference any attack on the commission members will be subject to lawsuit. […]

Morocco to Set Up Market for Non-Performing Loans to Strengthen Financial Stability

Morocco is planning to set up a market for non-performing loans (NPLs) offering the possibility of buying and selling of unpaid loans beyond set deadline. Banks can sell NPLs to reduce risk, free up capital, and maintain profitability, while investors seek to profit by restructuring or recovering value. Morocco’s Central bank, Bank Al-Maghrib, has been […]