Morocco Approves Foum Draa Block Farm-out Agreement

Moroccan authorities have approved an agreement between San Leon Energy, Serica Energy and Longreach Oil and Gas on the one hand and Cairn Energy, on the other. The announcement was made last week by San Leon Energy which said the assignment of interest in the Foum Draa offshore licence in Morocco was part of the […]

Handicrafts employ 20% of Morocco’s workforce- Minister

Morocco’s colorful and diversified handicrafts employ 20% of the total workforce, said tourism and handicrafts minister Fatima Zahra Ammour. Speaking at the opening of national handicrafts fair, she highlighted the strong social dimension of this sector which however needs to address challenges inherent to informal labor. The sector grew 7% in 2023 with 1 billion […]

Algerian government promises longer queues in 2022

Algerians woke up to renewed queues on cooking oil and bread in 2022, two commodities that joined a list of long essential goods whose prices spiked under the impact of high inflation and import cuts. The queues indicate shortages coupled with a high inflation of basic products under the impact of a state policy to […]