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Libya Issues Licenses to 91 New Foreign Exchanges Bureaux amid Dinar Slide and Cash Crisis
The Central Bank of Libya (CBL) has granted final practice permits to 91 companies and foreign exchange bureaux, as the Libyan dinar fell to 8.17 against the US dollar on the black market, amid ongoing cash shortages. The decision was announced on Tuesday, December 9. The CBL said the latest licensing forms part of its […]
Morocco’s Flag Carrier Vigorously Rejects Algerian FM’s Unfounded Accusations
Morocco’s Flag Carrier, Royal Air Maroc, has vehemently rejected the disrespectful statements pronounced by Algeria’s Foreign Minister, Abdelkader Messahel, who accused the company of carrying something other than passengers in an allusion to drugs. RAM said in a statement that the Algerian foreign minister’s blunder “reveals a complete ignorance of the air sector which is […]
Senegal reports record oil sales from Sangomar field
Senegal’s Sangomar oil field, located 100 kilometers off the coast of Dakar, achieved “record sales” of nearly 4 million barrels of oil in April, Energy, Petroleum and Mining Minister Birame Souleye Diop announced. “I would like to announce exclusively that we have made a record sale of 3.8 million barrels from the Sangomar oil field […]



