Dirham

Constitutional referendum in Algeria, people’s strong message of regime rejection

The Algerian people has sent a strong message of regime rejection by abstaining from a plebiscite on constitutional reform which had only a turnout of 23.7%, Algeria’s lowest ever for a major poll.   The snub from the November 1 constitutional referendum, coupled with the worrying state of health of the President, plunges Algeria into […]

Morocco to raise minimum wage, social benefits for all workers

The Moroccan government, the federation of employers CGEM and main labor unions agreed to raise the minimum wage of workers in the public and private sectors as well as family allowances, in a move that is key to maintaining social peace in the country. The government will raise by nearly 16% the minimum wage in […]

Algeria’s diplomatic spat with Spain spills over to economic ties

Algeria has demonstrated that it is the main party in the Sahara issue by recalling its ambassador from Spain after Madrid supported Morocco’s autonomy plan for the territory, in a diplomatic escalation that spilled over to trade. Spanish ABC paper said Spanish exports to Algeria dropped 93%, while gas was all that Spain imports from […]