Greek FM

DRC: 2023 defense budget increased 300-fold amid confrontation with rebel groups

The Democratic Republic of Congo, DRC, has increased by 300 per cent its defense budget for 2023 to $1 billion in view of “ramping up the power of the armed forces and to revamp military industry”.   The defense budget accounts for 10.4 per cent of the total budge put at $14.6 billion. This budget […]

Libya: Al-Waha Oil Company registers highest production in 11 years

Al-Waha Oil Company has achieved its highest oil production level in over 11 years, according to an announcement by the National Oil Corporation (NOC) on Wednesday, November 27. Daily production for Al-Waha reached 350,549 barrels of crude oil, contributing significantly to Libya’s total crude output of 1,380,470 barrels over the past 24 hours. Additionally, Libya’s […]

Libyan Dialogue: Parties reach comprehensive agreement on criteria for positions of sovereignty

The delegations of the Libyan High Council of State and the Parliament of Tobruk have reached an agreement after five days of talks in Bouznika, Morocco. In a joint statement on Thursday, the two parties announced that they reached a comprehensive agreement on the criteria, mechanisms, and objectives for “assuming positions of sovereignty.” Both parties […]