First Independent Mena Newspaper
The Union of Oil and Gas Workers rejected on Saturday transferring the country’s revenues of oil exports to the government of Abdul Hamid Dbeibeh, Libya Update reports. The union’s reaction came following the request made by Head of the Audit Bureau, Khaled Shakshak, inviting the National Oil Corporation (NOC) to transfer oil revenues to Dbeibeh’s […]
Libya managed to reduce its budget deficit in 2017 thanks to a sharp rise in oil revenues totaling $14 billion, the Libyan Central Bank said. The exponential increase in oil revenues up from $4.8 billion in 2016 is still much below the $50 billion registered in Libya before the fall of Gaddafi’s rule. The Central […]
“Can Algeria be saved?” wonders the International Policy Digest, which rang the alarm bell concerning Algeria’s explosive mix: regime opacity, ailing economy, dwindling oil revenues, widespread corruption, fragile social cohesion and lingering terrorist threat. The US political magazine points to the internal rivalry within Algeria’s military junta and its inability to reach an agreement on […]