UN Spokesperon Dujjaric

Port operator Marsa Maroc expands to Africa

Morocco’s top port operator, Marsa Maroc, said it will operate terminal 1 and 5 in Cotonou’s port after winning an international tender issued by the company in charge of cargo handling, Société Béninoise des Manutentions Portuaires (SOBEMAP). Marsa Maroc saw its shares in the Casablanca stock exchange surge following the announcement which marks the first […]

Algeria: Military Expenditures Hit $9.37 bln in 2015- US State Department

Algeria has earmarked $9.37 billion to military expenditures in 2015, the US Department of State said in its 2017 World Military Expenditures and Arms Transfers report. The report notes that Algeria slashed military spending in 2015, compared to $11 billion in 2014 and $9.89 billion in 2013. Cash-strapped Algeria, which faces an impending depletion of […]

Imported inflation haunts Morocco as tension soars in Gulf

The aerial strikes in the Middle East shows no sign of easing, and their economic aftershocks are beginning to weigh heavily on global markets, while in Morocco, fears of a renewed wave of imported inflation are intensifying. The conflict could significantly alter the country’s economic trajectory just as Bank Al‑Maghrib prepares for its first monetary‑policy […]