Morocco gets €5 million loan from Spain for construction of two desalination plants

The Spanish government has approved, Tuesday, a €5 million loan to Morocco for the construction of two desalination plants in the cities of Zag and Moulay Brahim. The loan will be granted to the National Office for Electricity and Drinking Water (ONEE) through the Fund for the internationalization of the company (FIEM), according to the […]

FIFA Task Force Starts Assessing Morocco’s 2026 Bid

A five-member FIFA delegation known as Task Force, arrived in Morocco on April 17 to inspect the facilities and cities proposed by Morocco to host the tournament’s games. Morocco has previously protested against the last-minute change in the Task Force hosting criteria but received reassurances from FIFA that the assessment will be impartial. “The main […]

Algeria’s energy revenues to plunge by $10 bln deepening financial crisis

Algeria’s oil and gas revenues will be reduced by $10 bln to $23 billion as the country struggles with a surge in spending in a heavily subsidized economy. Algerian officials rang the alarm bell as to the deteriorating financial indicators as a result of dwindling energy revenues which represent more than 90% of exports. To […]