lloyds

Morocco: EBRD lends a further €100 million to Société Nador West Med

The European Bank for Reconstruction and Development (EBRD) is providing additional loan financing of €100 million to Société Nador West Med (NWM) for the construction of the Nador West Med port in the Oriental Region of Morocco. The loan is a new, second tranche under a €200 million EBRD loan agreement signed in 2015, announced […]

Algeria’s gas exports to shrink to 26 billion cubic meters per year

Algeria’s finances face dim prospects triggered by a sharp drop in its key source of revenue, gas exports, which are expected to drop from 45 billion cubic meters in 2020 to 26 billion in 2025. The figure was unveiled by energy minister Abdelmadjid Attar who was speaking to local media. He said the decline is […]

Sahara-UN: Algeria in collision course with Security Council & the U.S.

The Algerian regime has put itself on a direct collision course with the UN Security Council and the U.S., the penholder of the resolutions on the Sahara, after deciding not to participate in the Sahara roundtable meetings that had brought together Algeria, Morocco, Mauritania and the Polisario Front. In the resolution 2602 (2021) adopted Friday […]