Business & Economy Bound

Opec reports members’ conformity to lower production, signals market improvementsF

Opec ministers stuck to an agreement to lower oil production at a monthly meeting Wednesday, underlining that only strict compliance could restore stability to prices undermined by the coronavirus pandemic. Ahead of a virtual meeting of OPEC and non-OPEC producers,...
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Libya: Tripoli airport re-opensF

Tripoli, Aug 11, 2020 - Flights out of the Libyan capital's only working airport have resumed, after a four-month suspension due to fighting and a shutdown to curb the coronavirus pandemic. The first flights took off Sunday from Mitiga airport in Tripoli's eastern...
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Algeria: With a bankrupt economy and poor governance, Algeria wants to revisit its trade agreement with EUF

Algiers, Aug 10, 2020 - Algeria's president has requested the country's trade minister reassess a deal with the European Union, ahead of a free trade agreement due to come into effect on September 1. President Abdelmadjid Tebboune asked Kamel Rezig to "carry out an...
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Algeria: Currency depreciation, inflation, recession, and the pandemic: an economy in turmoilF

Algiers, Aug 9, 2020 - [Photo: Algerian retirees queuing to withdraw their pensions during a cash crunch in July 2020] Currency depreciation, inflation, negative growth, businesses closed: Algeria's economy has been battered by the one-two punch of the coronavirus...
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