Bill of Imported Refined Products Rises to $2.5 billion in Strikingly Oil-rich Algeria

Algerian authorities are alarmed by the rising bill of refined products, which hit $2.5 billion in 2017 up from 800 million in 2016 due to a surge in domestic demand and lack of national refining industry. As Algeria feels the heat of an economic and financial crisis propelled by the oil price plunge, the country […]

Indian HCLTech sets up a Global Delivery Center in Morocco

Indian multinational information technology services and consulting company HCLTech launched a Global Delivery Center (GDC) in Rabat, Morocco, as part of the company’s nearshore strategy to serve global enterprises, announced HCLTech this week. The company said that the launch follows the signing of a memorandum of understanding between HCLTech and the government of Morocco in […]

Spain Seeks to Benefit from Morocco’s Expansion in Africa

Morocco, one of the major allies of the West in MENA region, has become a powerful and successful investor in Africa thanks to the solidarity based “South-South” cooperation spearheaded by King Mohammed VI. After seeing the positive results of the Moroccan African policy based on “win-win partnerships”, Spain, which is Morocco’s closest European neighbor and […]