As it heeds straight towards the depletion of its oil-money coffers, Algeria imposed austerity measures, cutting subsidies and introducing taxes, while maintaining lavish spending on armament unchanged. Algeria spent $1.686 billion on defense that is a 0.4% increase compared to last year, Stockholm International Peace Research Institute (Sipri) said in its latest report on global […]
King Salman of Saudi Arabia has reaffirmed that the member countries of the Gulf Cooperation Council reject any act that may affect Morocco’s supreme interests. In his opening address before the first Morocco-GCC summit held Wednesday in Riyadh with the participation of King Mohammed VI, King Salman reaffirmed “total rejection” by Saudi Arabia and the […]
Morocco’s gross domestic product is set to grow two-fold to 222 billion dollars in the upcoming 14 years boosted by a growth rate exceeding 4%, the UK’s Center for Economics and Business Research (CEBR) said in a recent study. Over the next five years, the annual rate of GDP growth is set to accelerate […]
