A recent report issued by the IMF suggests that growth in Libya could move from 2.4% this year to 13.7% in 2025, placing Libya at the forefront of the Middle East and North Africa region in terms of growth expectations. However, the IMF warned of Libya's continued dependence on oil and gas, stressing that the country was in dire need of a clear national economic vision for the future. The oil and gas sector accounted for 60% of the gross domestic product, 94% of exports, and 97% of government revenues, according to data published by the World Bank in 2023.
Four months ago, when the World Health Organization declared mpox a global emergency, Moroccan biotech firm Moldiag began developing testing
According to the London based think-tank Chatham House, Morocco is well-positioned to become a global hub for electric vehicle industries
Egypt’s military has replaced a supply firm to take full control of the imports of strategic commodities such as
The IMF has concluded a weeklong staff visit to Libya where it was assessing the latest economic conditions, as well
Sign up for the weekly newsletter and get our latest stories delivered straight to your inbox.
