Mohammad Younes Menfi, chairman of Libya’s Presidential Council (PC) will meet this Friday with Turkish President Recep Tayyip Erdogan in Ankara, Anadolu news agency reports. Menfi, according to Turkey’s Communications Directorate, will be on a working visit at the invitation of Erdogan. This is Menfi’s first trip to Ankara after assuming the role of PC […]
Morocco’s Central Bank announced that measures will be gradually taken to ensure a more flexible exchange rate of the Dirham amid promising macro-economic conditions marked by low oil prices and increasing demand on phosphates. The floating of the pegged dirham was encouraged by the IMF which sees in a more flexible exchange regime a move […]
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 […]
