Business & Economy Bound

Spain on Thursday said it would help Morocco ensure its energy security by allowing it to transport supplies through the Maghreb-Europe gas pipeline (GME) following a supply crisis with Algeria. "Morocco has asked for support to guarantee its energy security on the...

Production has resumed at four key oil fields in war-torn Libya after a three-week shutdown by gunmen linked to Libya's Petroleum Facilities Guard, the group said Tuesday.  The PFG-affiliated fighters had closed the Sharara, Al-Fil, Al-Wafa and Al-Hamada fields in...

Egypt's Suez Canal Authority said the key waterway netted record revenues last year, despite the coronavirus pandemic and a six-day blockage by giant cargo ship the Ever Given. Connecting the Red Sea and the Mediterranean, the canal accounts for roughly 10 percent of...

Libya's rival central banks said on Monday they had reached a reunification deal, seven years after they divided as conflict tore the country apart. The original bank, which manages the North African state's vast oil revenues, had been severed in 2014 when a complex...