North Africa

Libyan Central Bank resumes operations after release of senior official

Libyan Central Bank resumes operations after release of senior official

The Central Bank of Libya (CBL) announced that it has resumed operations, following the release of its top official who was kidnapped earlier on Sunday. CBL confirmed the release of the head of its information technology department Musaab Muslam, who was taken on Sunday by an “unknown party.” “Governor Sadiq …

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IMF approves release of $820 million for Egypt and calls for reforms

IMF approves release of $820 million for Egypt and calls for reforms

The International Monetary Fund (IMF) has approved the release of $820 million for Egypt, welcoming the country’s efforts to restore macroeconomic stability. Egypt says it has shifted to a flexible exchange rate regime, a policy the IMF said on Monday remains a cornerstone of the authorities’ program. “Inflationary pressures are …

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