Algeria’s FX Reserves Tumble 50 pc in Q1 2015 Raising Social Concerns

Algeria’s foreign exchange reserves plummeted by half in the first quarter of 2015 due to the fall in global crude oil prices, the country’s central bank said. The forex reserves went down by $ 19.02 billion to $159.9 billion in the first quarter of 2015, Algerian central bank added, noting that the sales of hydrocarbons […]

Morocco speeds up opening of first UN Tourism Innovation Office for Africa

Morocco and the UN World Tourism Organization have signed a financial agreement related to the establishment of the organization’s first African innovation Office in Rabat, Morocco. The financial agreement was signed Thursday in Madrid by Morocco’s Minister of Tourism, Fatim-Zahra Ammor, and UN Tourism Secretary-General Zurab Pololikashvili. This agreement follows host country agreement signed between […]

Modern Diplomacy Magazine sheds light on Morocco’s impressive transformation & economic rise

Morocco’s modernisation is an inspirational success. The country has built world-class ports, attracted tens of billions in investment, and positioned itself as a bridge between Africa and Europe—and between East and West, says Modern Diplomacy magazine in its latest edition. Since 2020, the country has drawn about $40 billion in greenfield manufacturing investment, becoming the […]