Algeria’s public finances are under mounting pressure after a dramatic drop in budget revenues in 2024, driven by falling hydrocarbon income and sluggish non-oil tax collection, according to the Bank of Algeria’s. Total budget revenues fell by 22.66% year-on-year, with hydrocarbon revenues plunging by 31.13% and non-hydrocarbon revenues declining by 13.50%, the Bank said in […]
The World Bank has approved a $48-million loan to Morocco to enable the country mitigate the impacts of the coronavirus pandemic which has so far infected 8,985 people in the North African Kingdom, killed 212, while 7,960 others recovered. The loan, which is part of an ongoing Program for Results project, approved in 2015, aims […]
Morocco’s flag carrier Royal Air Maroc (RAM) announced on Friday that direct flights between Casablanca and Montreal will resume starting October 29. Passengers will now be able to take daily direct flights operated by B.787 Dreamliner aircrafts, the airline said in a statement. The resumption of this regular route comes following a two-month suspension. The […]
