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A day after the Organization of Petroleum Exporting Countries (OPEC) reached a deal Wednesday to reduce output by almost 700,000bpd collectively, Libya has stated that it will be an exception to the deal that could be finalized in November during Read more
US President Barack Obama is expected to prolong for a third consecutive month the US air campaign in Libya against the Islamic State (IS) militants, Fox News reported citing US security officials close to the campaign. The US air force Read more
In a bid to address the global glut of oil supply, members of OPEC reached a landmark agreement, at a meeting in Algiers, to cut their collective oil output sending oil prices soaring by 5%. The member states of the Read more
A senior Algerian government official under the condition of anonymity has revealed that authorities are preparing to invite foreign and private investors to acquire controlling stakes in state-run banks. There are six (6) state banks in the country and they Read more
Field Marshall Khalifa Haftar, who was not straightforward about his ambitions to serve as the country’s leader, has however stated in an interview, “military people who were elected to lead their country achieved remarkable success.” Libya needs a leader with Read more
Secretary General of Hezbollah, Hassan Nasrallah, has lashed out at Saudi Arabia claiming that “Wahhabism is more evil than Israel, especially (in) that it seeks to destroy others and eliminate whatever thing that has to do with Islam and its Read more
The aerospace industry in Morocco has entered a new expansion phase, with the signing on Tuesday of a memorandum of understanding for the establishment of a Boeing industrial ecosystem in Morocco, at a ceremony chaired by King Mohammed VI, in Read more
King Mohammed VI has renewed Morocco’s strong determination to increase the share of renewables in electricity output capacity to 42 pc by 2020 and to 52 pc by 2030. The Moroccan Sovereign chaired, on Monday at the Royal Palace in Read more
Protesters who assembled in front of the office of Prime Minister Hani Mulki, recently reappointed by King Abdullah to form a new government, are demanding his sacking, following the assassination of writer Nahed Hattar who was shot dead by a Read more
Egypt’s former assistant foreign minister for Arab Affairs, Ahmed al-Quesni, said Cairo could intervene in neighboring Libya militarily to safeguard its own national security and stability. “Egypt will not let the oil ports be taken away from the Libyan people” Read more