Business & Economy Bound

Tripoli, June 8, 2020 - Libya's National Oil Company said Monday it had restarted production at Al-Fil oil field, closed since January by the forces of eastern military strongman Khalifa Haftar. The NOC's announcement came a day after output resumed at Al-Sharara oil...

An IMF team has agreed on a one-year, $5.2 billion financing package for Egypt to help the country alleviate the economic impact of the COVID-19 pandemic, the fund announced Friday. The IMF board must still approve the financing from the fund's Rapid Financing...

Several Algerian media have reported that Toufik Hakkar, the CEO of Sonatrach, has been spending unusually high amount of time during this month of Ramadan with a business tycoon from his hometown of Batna, Hamza Guettai. Guettai owns Petrogel, a private company...

Tunis, May 18, 2020 - As the novel coronavirus pandemic wipes out a recovery from jihadist attacks in 2015, Tunisia's vital tourism sector is trying to find ways to avoid going under. "Normally, the season starts now. But there is nobody," said Mohammed Saddam, who...