tripartite-declaration-signed-in-Rabat-dec.2020

Libya’s NOC accused of inflating production data to avoid budget scrutiny

A source familiar with Libya’s oil sector has alleged that the National Oil Corporation (NOC) is publishing inflated production figures to evade accountability for the utilization of a 60 billion Libyan dinar budget allocated to increase oil output. According to the source, OPEC’s monthly report, released on December 13, 2024, stated that Libya’s crude oil […]

Moroccan & Hungarian Central Banks to enhance cooperation in online financial services

Morocco’s Central Bank (Bank Al-Maghrib) and its Hungarian peer Magyar Nemzeti Bank (MNB) have agreed, under an agreement, to foster their cooperation in banking digitalization and innovation in financial services. The agreement, which was signed on Monday, also deals with risk management related to digitalization as well as cybersecurity and digital transformation. Speaking on this […]

Senegal takes over leadership of AU Security and Peace Council in July

Senegal is assuming this July 2023 the presidency of the African Union (AU) Peace and Security Council, the country’s Foreign ministry has announced. “After holding the presidency of the African Union (2022-2023), Senegal is again honored to assume, for the month of July, that of the Peace and Security Council of the continental organization”, the […]