Morocco, EU launch €384 million water program to boost climate resilience

Morocco and the European Union launched a program to support the Kingdom’s national water policy for a total cost of 3.7 billion dirhams (€348 million), as the country faces mounting pressure on its water resources due to climate change and recurring droughts. The program, unveiled in Rabat, is backed by the EU along with Germany, […]

Algeria’s Foreign Reserves to Further Shrink to $97 bln in 2017

Battered by falling oil and gas revenues, Algeria’s foreign exchange reserves are expected to further shrink to $97 billion, down from $193 billion in 2014, official data shows. With the slump in oil prices, the rest of the Algerian economy can’t generate the foreign exchange needed to pay for imports as oil and gas represent […]

Morocco reiterates willingness to upgrade its strategic partnership with EU

Morocco has reiterated its willingness to upgrade its strategic partnership with the European Union within the framework of a renewed and more ambitious dynamic, based on loyal partnership, common interest, and mutual respect. This came in a message that King Mohammed VI addressed to Ursula Von Der Leyen congratulating her on her election as President […]