Al Quds

Who are Morocco’s main external creditors?

By 2022, Morocco’s external debt stood at 423.6 billion dirhams ($41.2 bln) representing 31.8% of GDP, half of which was owed to multilateral development banks, according to finance ministry data. The International Bank for Reconstruction and Development, an offshoot of the World Bank, holds the lion’s share in Morocco’s external debt with 93.1 billion dirhams, […]

Libya: UN Envoy holds talks with MPs in Benghazi to break political deadlock

The Acting UN Special Envoy to Libya, Stephanie Koury, visited on January 20 the House of Representatives headquarters in Benghazi, where she met with several Libyan Members of Parliament to discuss the political process. Mrs Koury outlined the United Nations Support Mission in Libya’s (UNSMIL) efforts to break the ongoing political deadlock, facilitate elections, and […]

Nigeria should stop depending on oil, gas revenues — WTO chief

The World Trade Organization chief has urged Nigeria to see alternative revenue sources as the oil and gas industry becomes less lucrative. Speaking during a recent function in Abuja, Ngozi Okonjo Iweala, Director-General of the WTO, has advised incoming governors to stop depending on crude oil and diversify the sources of revenue in their domains. […]