BANKING & FINANCE

In this interview, investor and advisor Munder Shuhumi breaks down the opportunities and risks facing foreign investors in the GCC. From Saudi Arabia’s Vision 2030 to navigating local partnerships and due diligence, Shuhumi shares essential insights on doing business in the Gulf.

Central Bank of Libya (CBL) Governor Naji Issa is doing what he can to keep Libya’s economy functioning, but he is unable to stop the main issue of the growing budget deficit.

The Libyan oil sector continues to develop critical infrastructure, but is ultimately hampered by growing budgetary challenges.

The cancellation of Algeria's El Hamdania mega-port highlights the struggle between political stability and sustainable growth, risking regional isolation and investor confidence amid a looming fiscal crisis.

Libya's economic crisis deepens as rival governments' spending outstrips revenue, risking collapse. The Central Bank warns of unsustainable finances, while both factions blame each other. Urgent reforms are needed, but self-preservation may lead to further conflict and instability.

On August 18th, the Presidential Council reshuffled Libya's Central Bank leadership, ousting Sadiq al-Kabir amid rising tensions. This article provides a quick recap on the ongoing crisis.

Libya's Central Bank leadership crisis deepens as opposing political factions reject dialogue, fueling an economic impasse. With oil output halved and conflicting narratives from former and current leaders, the nation faces a ticking time bomb for its economy.

Libyan investments across Africa are increasingly at risk of being nationalised by governments that are seeing opportunities to leverage mismanagement in Libyan institutions for their own gain.