Emerging Markets Finance Headlines Libya

Libya joins African Export-Import Bank

Libya has officially become the 53rd member of the African Export-Import Bank (Afreximbank), marking a significant step towards enhancing economic integration within Africa. This milestone was announced to the media over the weekend, although the formal membership occurred earlier in the week. As part of its membership, Libya aims to leverage Afreximbank’s support for several […]

Emerging Markets Headlines Maghreb

Mauritanian president replaces pro-Algeria generals

In a major army leadership reshuffle, Mauritania’s president Mohammed Ould Ghazouani removed generals who had recently met Algeria’s chief of staff. Mauritanian observers said the move was a pre-emptive strike from President Ould Ghazouani, sensing a potential Algeria-orchestrated coup. Under the reshuffle, General Mohamed Vall Ould Raïs was appointed new Chief of Staff of the […]

Algeria Columns Headlines Maghreb Morocco

False syllogism plagues western analyses of Moroccan-Algerian ties

In recent years many renowned western pundits exhibited the bad habit of establishing false syllogism and false equivalences when examining Moroccan-Algerian relations. In their quest to give their analyses the appearance of impartiality and neutrality, many western pundits tend to equate between the belligerent (Algeria) and the victim (Morocco). In this regard, two examples are […]

Africa Features Headlines International

Sudan: conflict-stricken Khartoum receives first aid convoy since start of civil war

An aid convoy carrying vital food and medical supplies has arrived in a besieged area of Sudanese capital Khartoum for the first time since the country’s civil war broke out in April 2023, according to the World Food Programme (WFP), which provided 22 trucks loaded with 750 tonnes of food. A total of 28 trucks […]

Africa Headlines International

ECOWAS backs Nigeria against Niger’s ‘baseless’ accusations of ‘destabilization’ plot

West Africa’s regional bloc ECOWAS has thrown its weight and support behind Nigeria after Niger’s accusations that Abuja was plotting to destabilize its northern neighbor, notably by harboring members of the former Bazoum administration and collaborating with foreign powers. The Economic Community of West African States, (ECOWAS) has come to Nigeria’s defense as its diplomatic […]

Africa Emerging Markets Energy Headlines International

ENI starts oil and gas production offshore Côte d’Ivoire

Italian energy giant ENI started phase 2 of oil and gas production in the offshore Balaine field, which helps Côte d’Ivoire consolidate its role as a producing country on the global energy scenario, strengthening access to energy on a national scale. “Thanks to this milestone, production will reach 60,000 barrels of oil per day and […]

Finance Tunisia

Tunisia’s Central Bank holds key rate at 8%

The Central Bank of Tunisia (BCT) announced on Saturday December 28 its decision to maintain the key interest rate at 8%, following a meeting of its board of directors. This decision reflects the Bank’s cautious approach to stabilizing the economy while carefully navigating inflationary pressures and broader economic uncertainties. In its official statement, the BCT […]

Business Emerging Markets Europe Headlines International Morocco

Spanish magazine labels Morocco ‘Future Silicon Valley’

Morocco is establishing itself as “the future Silicon Valley”, taking advantage of several factors fostering the country’s technological rise, according to the Spanish trade magazine “Paradavisual”. “With growing investment in the startup sector, a young, skilled workforce and support for innovation, Morocco is positioning itself as the future Silicon Valley,” the article titled “Morocco, the […]

Energy Headlines Libya

Libya’s oil production surpasses annual target

The National Oil Corporation (NOC) announced that daily crude oil production has surpassed its annual target, reaching 1,405,609 barrels of crude oil and an additional 52,633 barrels of condensates. This milestone highlights the resilience and dedication of workers at production sites across the country, despite persistent challenges such as delays in the disbursement of the […]

Asia Finance Headlines International Morocco

Bayt Mal Al-Quds Agency invests $4.2 Million in 2024 to support projects in Palestine

Bayt Mal Al-Quds Agency, the executive arm of the Al-Quds Committee, Chaired by King Mohammed VI, invested $4.2 million in 2024 in projects and programs supporting the Palestinian people. According to the Agency’s 2024 annual report, the implemented projects were distributed across various sectors, with 31% allocated to social assistance programs, 19% to arts, heritage, […]