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Algeria artificially inflates GDP with no impact on economic activity or living conditions

President Abdelmadjid Tebboune has set a headline-grabbing target of an Algerian gross domestic product set to surpass $400 billion by end-2027. State news agency APS quoted him saying the milestone would be reached “at the very latest,” a pledge he and allied outlets have reiterated since 2024. On paper, that would mean well over 50% […]

Morocco earmarks $1.4 bln to boost job creation in 2025

Morocco will spend 1.4 billion dollars next year to promote employment, including through different training programs and measures in the countryside, the head of the government said. Unemployment has surged in Morocco in recent years to hit an unprecedented 13.6% as drought forces the farming sector to shed more jobs in the countryside. The budget […]

Spain’s PM: “It is in the interest of EU to maintain good relations with Rabat”

Spanish Prime minister Pedro Sanchez has highlighted the excellent cooperation ties existing between his country and Morocco, affirming that it is in the interest of the EU to maintain good relations with Rabat. Addressing on Tuesday the Spanish lawmakers, Pedro Sanchez stressed the strategic importance of maintaining good relations with neighboring Morocco not only for […]