Houthis’ Red Sea attacks spike Asia-Morocco shipping cost by over 60%

The hijacking of commercial ships and drone attacks by the Iran-backed Houthi rebels have disrupted global supply chains and sparked a jump in Asia-Morocco shipping costs by 60% to 100%. “The cost of shipping a 20-foot container from Shanghai to Casablanca increased from $1,450 to $2,800 (from €1,324 to €2,557) since last month’s 15th,” Rachid […]

Algeria: Lawyers join popular mass protests, decry unlawful interference in their profession

The Algerian lawyers have joined the popular mass protest movement rocking their country, demanding a civilian democratic state and denouncing the wrongful interference of the rulers who are undermining the independence of legal profession. The Union of attorneys started on Sunday a five-day protest movement which will continue by the bar associations of Tizi Ouzou, […]

Arab countries and Iran to invest $ 755 Bln in energy by 2019

The Middle Eastern and North Africa (MENA) countries will invest 755 billion dollars in energy projects in the next five coming years despite the falling oil prices, according to an economic study released on the 4th February 2015. Approximately 42% of these investments of USD 316 billion will be spent in power generation, 31% from […]