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Libya's ousted central bank governor reports financial isolation amid political turmoil. UN-backed talks aim to resolve the crisis affecting oil output and international transactions.
Venezuela recalls its ambassador to Spain and summons Spanish envoy following critical remarks. Dispute intensifies as Spain recognizes opposition leader as election winner, challenging official results.
The U. S. imposes sanctions on 16 Venezuelan officials following alleged voter fraud. Edmundo Gonzalez, recognized as the election winner by the U.S., has fled to Spain amid threats of arrest.
Iranian President Masoud Pezeshkian embarks on his first official foreign trip to Iraq, aiming to sign agreements and meet senior officials. The visit underscores Iran's growing influence in the region.
London's FTSE 100 fell 0. 8% due to healthcare and energy sector declines. UK wage growth cooled to a two-year low, potentially influencing future Bank of England rate decisions. Precious metal miners saw significant gains.
UN mission in Libya to resume talks on central bank crisis, aiming to resolve issues affecting oil production. Legislative bodies seek consensus on appointing new governor to stabilize situation.
Russian Foreign Minister Lavrov met with Saudi Crown Prince bin Salman, discussing OPEC+ cooperation and regional conflicts. Both nations expressed satisfaction with recent oil market decisions.
Omani state-run oil company OQ announces plans to offer 25% of its exploration and production business in an IPO. The move follows similar strategies by Saudi Aramco and Abu Dhabi National Oil Co.
Algeria's President Tebboune wins re-election with 94% of votes, but low turnout raises concerns. The election faced criticism for repression and lack of genuine opposition.
A catastrophic collision between a fuel tanker and a passenger truck in north-central Nigeria resulted in 48 fatalities. The incident occurred amidst recent fuel price hikes and persistent shortages across the country.
Algeria's presidential election concludes with allegations of voting irregularities. Incumbent President Tebboune expected to secure second term as nation faces economic challenges and political tensions.
Campaign of Abdelaali Hassani Cherif alleges violations in Algeria's recent presidential election. Incumbent President Abdulmadjid Tebboune expected to secure second term amid controversy.
Libyan authorities have detained militia leader Mohamed Bahroun for his alleged involvement in the killing of notorious human trafficker Abdel-Rahman Milad. The incident highlights ongoing instability in the North African nation.
Canadian stock futures climb on commodity gains. Markets await crucial U.S. economic reports, with potential implications for Federal Reserve's upcoming rate decision.
Algeria prepares for a presidential election marked by low public interest and economic concerns. Incumbent President Tebboune is expected to win easily, while opposition faces challenges and repression.
Angola, seeking to reduce oil dependence, weighs offers from China and EU for green technology investments. The nation aims for economic diversification and prefers private sector engagement over traditional loans.
Venezuelan authorities pursue arrest warrant for former presidential candidate Edmundo González following contested election. Opposition claims evidence of Maduro's defeat amid international criticism.
UN-led talks in Tripoli address Libya's central bank crisis, which has led to an oil production blockade. Consultations yield progress, with a draft agreement set for review by respective chambers.
Libya's major ports halt oil exports due to political standoff, causing production to drop by over 50%. Crisis threatens Libya's four-year period of relative stability and impacts global oil supply.
Ten individuals face treason charges in Nigeria after nationwide protests against economic hardship. Amnesty International reports fatalities and calls for the unconditional release of detained protesters.
Gulf stock markets show gains as investors anticipate US rate cut. OPEC+ set to increase oil production. Key economic data releases awaited in the coming week.
Ecuador's government has started dismantling oil infrastructure in Yasuni National Park, closing one well out of 247. This action comes amid criticism over slow progress in implementing a year-old referendum decision.
Seven Polish citizens, detained during protests in Nigeria, have been released and are set to return home. The incident, described as a misunderstanding, highlights the complexities of international travel and study.
Libya's oil production faces major setbacks as field closures spread, including the Sarir field. The shutdowns stem from a political dispute over control of the central bank and oil revenue, impacting global markets.
Libya's oil production halted due to central bank conflict between rival governments, causing global price increases. UN efforts for unified governance continue to face challenges.
Several Libyan oilfields cease operations due to conflicts over central bank control and oil revenue. The situation impacts global oil prices and highlights ongoing political instability in the country.
Libya's eastern-based government announces closure of all oilfields, halting production and exports. The claim remains unconfirmed by the National Oil Corp, as political factions vie for control over oil revenues.
The US is drafting sanctions against about 60 Venezuelan officials following a disputed presidential election. Measures target electoral, judicial, and security personnel involved in alleged political manipulation.
In Nigeria's Benue state, 20 medical and dental students were kidnapped while traveling to a convention. This incident adds to the ongoing security challenges faced by Africa's most populous nation.
Nigeria's headline inflation rate decreased to 33. 40% in July 2024, marking the first decline in over 18 months. This slowdown may bring relief to citizens who recently protested rising living costs.