OCEAN

Tough Days Ahead for Algeria’s Currency

The health of Algeria’s currency, the dinar, has always been measured against oil prices. The end of the era of expensive oil in late 2014 has sent the dinar dwindling in value as Algeria continues to squander its oil mantra avoiding painful reforms to diversify its economy. Since the beginning of this year, the dinar […]

Tunisia: Ennahdha’s Chief Hails Trump

Leader of the Tunisian Islamist party Ennahdha has debunked claims that the new US President Donald Trump is anti-Islam. For Rached Ghanouchi only Jihadists will fear Trump’s overt anti-Islam philosophy, huffpostmaghreb.com reports. “Terrorists are those who feel threatened by Donald Trump’s policy,” Ghanouchi said Saturday during a ceremony in the governorate of Mahdia to present […]

Informal sector represents 30% of Morocco’s GDP- Central Bank study

The scale of the informal sector in the Moroccan economy amounts to 30% of GDP said a new study conducted by the Central Bank. The informal economy leaves workers in vulnerability without pension or health insurance and undermines the economy due to tax and anti-competitive practices. In the MENA region the average part of the […]