Morocco: Cereal output expected to drop by 69%; agricultural GDP by 14% in 2022

The output of major cereals (soft wheat, durum wheat and barley), in the 2021/2022 agricultural campaign is expected to reach 32 million quintals (Mqx), a decrease of 69% compared to the previous campaign, while the agricultural gross domestic product (GDP) is projected to decrease by about 14% in 2022, according to the forecasts of the […]

Putin’s turnaround: Russian leader to abstain from BRICS summit in South Africa

In a surprising turnaround, South Africa’s presidency announced on Wednesday that, in the end, Russian President Vladimir Putin will not personally attend the BRICS summit in South Africa in August. In March, the International Criminal Court (ICC) issued an arrest warrant for Putin for alleged war crimes involving accusations that Russia has forcibly taken Ukrainian […]

Algeria’s Foreign Exchange Reserves to Shrink to $85 bln by end of 2018

The Algerian government has started to feel the heat of the falling oil and gas revenues, as the country’s foreign exchange reserves are expected to further drop to $85 billion at best, barely enough to cover 18 months of imports. The figure was recently announced by Algeria’s finance minister Abderrahmane Raouya who told MPs that […]