Algeria: Foreign Exchange Reserves to Fall to $116bln by End of 2016

The fall in oil prices has taken a toll on Algeria’s foreign exchange reserves, which are expected to decline to $116 billion, Algria’s Prime Minister Abdelmalek Sellal said. At a context of a long-term slump in oil prices, the Algerian government is planning further cuts to curb spending over the next few years after the […]

Morocco considers setting up LNG infrastructure in Mohammedia port

Morocco invited bids for a study concerning the setting up of LNG infrastructure and a floating storage and regasification unit in the port of Mohammedia, the port agency said. January 25 was set as a deadline for the bid which aims at helping the port agency upgrade the port to host LNG and FSRU infrastructure. […]

Rabat Denounces Mass Killings of Palestinians by Israeli Army

Morocco has strongly condemned the use of deadly excessive force by Israeli soldiers against unarmed Palestinians in occupied Gaza strip and voiced its total rejection of such acts violating international laws and adding more fuel to the fire in the region. At least 60 Palestinians were killed Monday when Israeli troops fired at demonstrators protesting […]