King Mohammed VI underscored the need to address the water challenge by speeding up desalination projects that are powered by renewable energies. In a speech on the 25th anniversary of his accession to the throne, the King underscored the pressing need to take “urgent, innovative steps in order to avoid water shortages,” following six years […]
The Arab Monetary Fund has forecast Libya’s economy to expand by 14.3% in 2025, before moderating to 5.9% the following year, contingent on improved domestic stability and stronger investor confidence. In its latest Arab Economic Outlook report released this week, the Fund attributed the robust growth outlook to the hydrocarbons sector, which provides over 95% […]
Crescent petroleum, a United Arab Emirates based company is eyeing investments into Libya’s oil and gas sector. The company has no investments of such in Libya but it is no stranger to the sector because it is already active in Iraq and Egypt. The chief executive of the company, Majid Jafar told reporters at the […]
