Guterres

Algeria: Lower house approves Investment bill limiting 49:51 rule

The People’s Assembly, Algeria’s lower house of parliament, adopted the 37 amendments of the bill on the promotion of investment and limited the controversial and strongly criticized 49:51 investment rule to “strategic sectors” only. The amendments were proposed by the committee of economic, development, industry, trade and planning affairs of the Assembly. The minister of […]

Morocco assists Spain in intercepting ship carrying 3 tons of cocaine

The Spanish Tax Agency’s Customs Surveillance Service and the Spanish Civil Guard intercepted, on Wednesday, with Morocco’s assistance, a tugboat bearing the name “Sky White,” carrying some 3,000 kilograms of cocaine, divided into 80 packages of various sizes. The operation was subject to international cooperation of police services from Morocco, France, the U.S., the U.K. […]

Sahara: Hungarian companies interested in business opportunities in Dakhla-Oued Eddahab Region

Hungarian companies are interested in investing in the Dakhla-Oued Eddahab region which is offering huge business opportunities in various sectors including tourism, agriculture, fisheries, and renewable energy. The remarks were made Monday by Hungarian Ambassador to Morocco Miklis Tromler during a visit to the Moroccan Sahara. The diplomat said he was impressed by the socioeconomic […]