Egyptian tanks

Tripoli-based PM Abdelhamid Dbeibeh removes NOC Chairman Mustafa Sanalla

Abdelhamid Dbeibeh, one of Libya’s rival Premiers, has sacked the Chairman of the National Oil Corporation (NOC) Mustafa Sanalla, local media Libya Update has learned. Dbeibeh’s administration, which is based in capital Tripoli, replaced Sanalla with Farhat Omar Bengdara, who served as Libya’s Central Bank Governor from 2007 to 2011, the media notes citing a […]

Hope For The Best: Argentines Wake Up In Default

The mood is defiant in the streets of Buenos Aires after Fitch Ratings and Moody’s Investors Service declared today Argentina in default on some bonds for the eighth time in its history.   This follows Standard & Poor’s Ratings’ Services cutting its credit rating on the the South American nation’s foreign-currency sovereign debt to “selective […]

Morocco set to reduce its industrial trade deficit

Morocco has launched an ambitious plan to cut its trade deficit by $3.7 billion by offering incentives to local investors to produce imported goods locally, Morocco’s trade minister said. So far 731 industrial projects were eligible for state subsidies, of which 90% will be funded by a Moroccan capital, minister Riad Mezzour told MPs. Most […]