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Niger finance minister rebuffs pressure to drop oil drive
Niger finance minister rebuffs pressure to drop oil drive
Business and Economy
by  AFP

Niger's finance minister says lack of support from rich countries makes it impossible for his impoverished nation to abandon revenue from oil. Under this scenario, oil income would account for half of the country's fiscal revenue and a quarter of GDP. Income from oil compares starkly with the funds channelled by rich countries to help poorer nations move to a climate-friendlier path, said Jidoud.

Airlines to return to profit in 2023: IATA
Airlines to return to profit in 2023: IATA
Business and Economy
by  AFP

Airlines are expected to return to profit next year for the first time since 2019 despite slowing global growth as they recover from a Covid-induced crisis, an industry group said Tuesday. And that expected improvement comes as global GDP growth slows, according to IATA's forecast, to 1.3 percent from 2.9 percent in 2022.

Libya tells foreign energy firms it's safe to return
Libya tells foreign energy firms it's safe to return
Business and Economy
by  AFP

Libya's state energy firm urged its foreign oil and gas partners to resume exploration and production Tuesday assuring them security had begun to improve dramatically after clashes earlier this year. NOC said its appeal followed a "realistic and logical analysis of the security situation, which has begun to improve dramatically."