Headlines Libya

Libya: Presidential council seeks another week to name cabinet

Libya’s presidential council formed under the Libya Political Agreement (LPA) signed in Morocco in December has requested that the deadline to name a new cabinet be extended for a week, claiming it “needs more time” to discuss the formation. Prime Minister Fayez Al Sarraj was asked to reduce his 32-member cabinet that he presented to […]

Headlines Tunisia

Thomas Cook Cancels All Trips to Tunisia until Next October

Travel operator Thomas Cook has cancelled all British bookings to Tunisia until 31st of October as security fears grow following a wave of violent protests across the North African country. These cancellations deal a hard blow to the tourism sector of this country branded by security experts as a high-risk destination. The Foreign Office still […]

Headlines Libya

Libya: UN Peace Plan Rejected by MPs, Raising Serious Concerns

The UN-brokered peace plan proposing a unity government has hit another unexpected snag, dashing all hopes to restore peace and stability to this North African country. MPs of the internationally recognized parliament, based in Tobruk, have rejected on Monday the proposed new government, demanding major changes. Last December, UN announced the creation of a unity […]

Algeria Finance Headlines

Algeria: Dinar falls to historic record low

Algeria is trying to balance its finances as its economy continues to struggle due to the low global oil and gas prices that are affecting countries heavily dependent on such revenues. A source close to the North African country’s Central Bank hinted that the authorities at the bank let the Algerian dinar to depreciate against […]