Algeria’s project programs not shaken by price slump, Minister Jallab

Finance Minister Mohammed Jallab has told Algerians that there is no need for alarm despite the low prices of oil and gas. He said the country is capable of handling such shocks. Algeria is a country that heavily relies on gas exportation. OPEC has decided not to cut its production in order to increase global […]

Royal Palace Worth $150 mln to be Transformed into Luxury Resort in Agadir

Once a Royal Palace overlooking the Atlantic Ocean and laying at the foot of the Western High-Atlas mountains, the edifice will soon be turned into a landmark resort adding to the tourist attraction of Morocco’s second tourist destination, Agadir, Moroccan media outlets reported. The palace, 20 km north of Agadir, was established by the late […]

World Bank highlights resilience of Morocco’s financial sector to drought

Despite consecutive dry years, Morocco’s banking sector has shown resilience and stability, the World Bank said. “Stress tests in Colombia, Morocco, and Mexico indicate that overall physical risks such as droughts and floods as well as transition risks are relatively benign for the financial system as a whole,” the World Bank said in its “Finance […]