Sonatrach

Algeria slashes spending by 50% due to drop in oil earnings & Coronavirus impact

The Algerian economic model, which is depending heavily on oil & gas revenues, is seemingly crumbling. The new financial realities have shown that its former decade’s high spending is no longer possible with the rapidly depleting state coffers and widening deficit. Hit hard by a sharp drop in oil prices on the international and the […]

Morocco: Three biggest parties in Parliamentary elections to form next government

Head of the RNI party Aziz Akhannouch said his party, the PAM and the Istiqlal agreed to join efforts to form the new government after they emerged as the largest three winners of Sept. 8 elections. The RNI won parliamentary elections with 102 seats followed by PAM with 87 seats and the Istiqlal with 81 […]

Morocco, EU Sign Implementation Document of PRIMA research & innovation Program

Morocco and the European Union signed, on Monday in Brussels, the administrative arrangement for the implementation of the scientific and technological cooperation agreement laying down the conditions and modalities for the Kingdom’s participation in the Partnership for Research and Innovation in the Mediterranean area (PRIMA). Morocco became a participating state in the Partnership for Research […]