Morocco-economic sectors

Algeria’s crude prices drop below production cost

Algeria’s crude oil, Saharan blend, dropped below production costs and is now sold at a loss at $11.72 per barrel boding ill for the country’s struggling finances. Oil prices have plunged across the globe due to shortage of demand as the lockdown reduced economic activity worldwide. Analysts expect oil prices to remain at their lowest […]

Libya: GNA forces snatch Sirte from terrorist groups

Libyan forces affiliated to UN-sponsored Government of National Accord (GNA) announced Monday total control of Muammar Gaddafi’s hometown of Sirte formerly administrated by the Islamic State group (IS) which overran city last year after taking advantage of rivalries between opposed Libyan factions. “Our forces have total control of Sirte,” Reda Issa, a spokesman for pro-government […]

Tunisia: Central bank warns of worst economic downfall

The Tunisian central Bank has added its voice to the ongoing political crisis. It is worried that if the political parties don’t find a solution to their differences, the economy will fall into a state that it has never before experienced. The board of the central bank has urged all stakeholders to work towards maintain […]