Coronavirus deepens Algeria’s economic malaise

The African Development Bank said the Algerian economy is the third worst hit in Africa at a time the country faces a multipronged political, economic and social crisis worsened by lack of political reforms. The bank said the contraction of the Algerian GDP by at least 6.4% this year was due to its heavy dependence […]

Removal from Gray List, a scathing disavowal of Morocco’s detractors within European Parliament

The decision, taken Friday in Paris, by the Financial Action Task Force (FATF) to remove Morocco from the gray list, confirms the regional and continental leadership of the Kingdom in terms of sound financial governance and stands as a scathing disavowal of the Kingdom’s detractors within the European Parliament. The FATF’s members decided, unanimously, to […]

Morocco: Tanger-Med Police foil psychotropic trafficking

Moroccan security services foiled on Saturday morning at Tanger-Med Port an international drugs and psychotropic substances trafficking attempt, seizing 155,703 Ecstasy tablets concealed in an international transport truck coming from a European country, the Directorate General of National Security (DGSN) said in a press release. According to initial findings of the investigation, border control and […]