Business Energy Finance

Libya: Moroccan BMCE Bank set to attract new investors

Libya’s National Oil Corporation (NOC) announced a deal with Morocco’s Banque Marocaine du Commerce Exterieur (BMCE) to attract new investors in a move defined as slap for the UN-backed Presidential Council. NOC head Mustafa Sanalla signed a Memorandum of Understanding (MoU) with BMCE’s Ibrahim Benjelloun Touimi in Vienna on Friday making the Moroccan bank one […]

Features Headlines Morocco

Morocco, Fourth in World Destinations per Flights to or From Europe- Euronews

Morocco was ranked in 2016 fourth in world destination per flights to or from European airports after the United States, Russia and the United Arab Emirates, said Euronews. In an article on the increasing airport security cooperation between Morocco and Europe, Euronews shed light on the importance of Casablanca’s airport as a hub that hosted […]

Asia Features International

Russia Makes Inroads in North Africa- Foreign Affairs

As issues relating to Russian influence in the EU, US and the Middle East are in the limelight, Russia continues to quietly make inroads in North Africa where it has been gaining a foothold in Libya and boosting its military exports to Algeria and Egypt while strengthening economic ties with Morocco and Tunisia, said the […]

Headlines Morocco

CAF Boss Endorses Morocco’s Twin Bid for 2026 World Football Cup

Morocco has received strong backing from the newly inaugurated boss of the Confederation of African Football (CAF) for its twin bid to host the 2026 World Cup. “We are convinced that Morocco could organize this competition just as South Africa did in 2010,” said Ahmad Ahmad, addressing a press conference in Marrakesh earlier this week. […]

Americas Headlines International Libya

Libya: US Alarmed over Russia’s Growing Influence

The US defense department once again sounded the alarm over Moscow’s growing interest in Libya, indicating that ties between Russians and head of the Libyan National Army Field Marshal Khalifa Haftar is evident. After Syria, Moscow and Washington have engaged in another diplomatic showdown in the North African country. General Thomas Tom Waldhauser, who heads […]

Headlines Libya

Russia Continues Sneaky Tactics in Support of Haftar in Libya

Set to strengthen its foothold in a Libya beset by chaos and instability, Russia threw its weight on Libya’s strongman Marshall Khalifa Haftar whose forces have made a blitzkrieg advance taking several oil fields and threatening to overtake the capital Tripoli from the UN-backed government. A US diplomat who requested not to be named told […]

Asia Finance Headlines Libya

Private Russian Security Firm Involves in Arming Haftar Forces

A private Russian security firm said it sent agents to Eastern Libya to deliver arms to Khalifa Haftar confirming concerns in the West over a growing Russian influence in Libya, Reuters reported. Oleg Krinitsyn, owner of private Russian firm RSB-group said in an interview with Reuters that a force of several dozen Russian armed private […]

Headlines Libya

Libya Slipping Into Chaos, Raising Concern of the West

Western diplomats are increasingly concerned that the fighting raging in Libya will severely damage the coastal oil infrastructure, the economic lifeblood of the country. They appeal for calm as Libya descends into a bloody civil war with rival sides battling for control of the hugely lucrative Libyan oil terminals. The call comes after the Islamist-led […]

Headlines Libya

Libya: Moscow announces Serraj’s visit

Head of the Libyan Government of National Accord (GNA) and Presidency Council (PC) Faiez Serraj is expected in Moscow in the coming days for talks with Russian leaders over a potential meeting with Field Marshal Khalifa Haftar, known as Moscow’s protégé. If the date is not known yet, Russia’s deputy foreign minister Mikhail Bogdanov suggested […]

Energy Headlines Libya

Russia Deepens Foothold in Libya, Pro-Putin Firm Signs Oil exploration & production deal

Russia’s oil firm Rosneft has signed cooperation framework agreement with Libya’s National Oil Corporation (NOC) opening the door wide to Russian investments as Moscow deepens its foray into the chaotic North African country. The agreement signed between Rosneft’s Igor Sechin and NOC’s Mustafa Sanalla in London on Monday allows the Russian company to explore Libya’s […]