1shorts Bound

Libya’s energy sector is gaining momentum as Sonatrach and other major players resume exploration and drilling across the Ghadames Basin. Recent activity includes Sonatrach’s return after a decade-long halt, new exploratory wells by the National Oil Corporation, and successful deep-layer production tests by Zueitina Oil Company.

Morocco’s 2026 Finance Bill expands state hiring across security, health, and education, creating 36,000 new public positions—mainly in the Interior and Defense Ministries—but the scale underscores political rather than economic priorities, in a country where unemployment hovers near 13 percent and youth joblessness exceeds a third of the labor force.

The EU’s €7.4 billion package to Egypt marks Europe’s largest financial commitment to any non‑EU partner, aimed at stabilizing Cairo’s economy but adding to its already heavy debt load, now nearing 90 percent of GDP. The deal underscores Egypt’s strategic value to Europe amid regional turmoil and migration pressures.

A whistleblower case and an embezzlement probe have intensified scrutiny of Algeria’s government ministries amid an expanding anti-corruption campaign.