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Morocco’s Energy Bill Down 30% by July

Morocco’s oil and gas imports stood at 29.394 billion dirhams by July 2016 compared to 41.947 billion dirhams the same period last year, which is a significant 30% drop, Morocco’s exchange office said in its latest statistics. Yet, despite the drop in oil prices, Morocco’s commercial deficit deepened 7.5% as imports continue to exceed exports. […]

Renault considers closing Algeria plant after import restrictions

French automaker Renault is considering shutting down its plant in Algeria after authorities in the northern African country took measures to curb imports of car parts. The Algerian news agency APS said the French carmaker will close its plant next November after Algeria imposed measures to reduce bill of imports of semi knocked down and […]

Algeria inks agreement with British and Spanish firms to boost Space program

The Algerian Space Agency (ASAL) and the British firm Wisscom Aerospace Ltd have signed a partnership agreement, to boost the national space technology capacities of the North African nation, ASAL said in a statement. According to the statement, Wisscom Aerospace Ltd together with Spanish company Zero 2 Infinity, specializing in aerospace engineering, will “co-develop space […]