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Arab Fund for Economic & Social Development loans Tunisia $52m for road projects

The Arab Fund for Economic and Social Development has granted Tunisia $52 million (KWD16 million) in form of credit facility to be used for road projects. The financing deal was signed during the 52nd annual meeting of the Board of Governors of the fund, held on the sidelines of the annual joint meetings of Arab […]

Morocco creates agency to oversee reconstruction in quake-hit High Atlas Mountains

Morocco set up the High Atlas Mountains development agency to oversee reconstruction efforts in the earthquake-hit areas. The agency was set up in implementation of Royal directives which urged speeding up reconstruction efforts after the 7-magnitude quake that left nearly 3000 people dead, and damaged 60,000 homes. The agency will oversee projects aiming at rehousing […]

Morocco Gleaned Necessary Backing for Return to AU, Algerian PM

Algerian Prime Minister Abdelmalek Sellal has acknowledged that Morocco has gained the necessary backing for its return to the African Union (AU). The Algerian top diplomat conceded that Morocco’s return to the AU has become inevitable, as it has secured the necessary votes from the majority of African countries. Speaking at a press conference held […]