banana

Algeria backtracks on its free trade deal with the EU

Algeria has asked the EU to put on hold a free trade agreement that was due to be signed this year as it drags its feet on customs reforms, an EU official said. Under the Association Agreement between the two countries, Algeria should have entered into an FTA with the EU in 2017 but has […]

Morocco Gets EU Status of Partner in Local Democracy

Morocco has been granted the status of partner in local democracy by the Bureau of the Council of Europe Congress of Local and Regional Authorities. The North African Kingdom has obtained this status thanks to its sustained efforts in decentralization and regionalization. This initiative is part of the Council of Europe’s neighborhood policy and offers […]

Remittances from Moroccan expatriates resilient in 2020 but only 10% invested

Remittances from Moroccans living abroad rose 5% to stand at 68 billion dirhams (7.5 billion dollars) despite the pandemic, but finance minister said only 10% of these transfers were invested. Most of the investments of Moroccans abroad went to real estate, finance minister Mohamed Benchaaboun told Moroccan employers association (CGEM). A part from 15% that […]