Business & Economy Bound

Libya strongman Haftar issues new threat over oil revenueF

Libyan military strongman Khalifa Haftar, who backs the politically-split country's eastern administration, has threatened military action unless oil revenues are divided fairly by the end of August. The country sits on Africa's biggest oil reserves but the wedge...
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Algeria reduces oil production to support Saudi’s output cutF

By Robbie Corey-Boulet: Saudi Arabia said on Monday it was extending a voluntary oil production cut and Russia said it was slashing exports, as major producers tried to prop up slumping prices. The cut by Riyadh of one million barrels per day was first announced after...
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Libya: Rival governments bicker over oil revenues, threaten to shut down oil operationsF

The east-based government, which does not recognise the authority of the Government of National Unity based in Tripoli, is ready for more steps, including an oil blockade, and would seek a legal ruling, he said. "We are ready to raise the red flag, stop... the export...
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Algerian airline carrier Air Algerie to purchase eight Boeing 737 MAX-9 aircraftF

Global airliner rivals Boeing and Airbus notched up new orders from Algeria and the Philippines at the Paris Air Show Tuesday, after the European manufacturer snagged the biggest-ever single civilian contract. Philippine Airlines will buy nine of Airbus' A350-1000...
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