POPE GENERAL AUDIENCE

Morocco Set to Become Hub for Aeronautic Industries

Morocco is forging ahead with its industrialization plan, which attaches particular importance to aviation-related industries. The recent opening of Latsima’s factory to supply Airbus is part of an endeavor to make Morocco a hub for aeronautic industries by attracting component suppliers for leading aircraft manufacturers. The new factory is located in the outskirts of Casablanca […]

Algerian army kills Mauritanian gold miner

The Algerian army Sunday killed a Mauritanian gold miner and wounded another one after six vehicles crossed into Algerian territory to prospect for gold. A joint statement by the Mauritanian interior and foreign ministries relayed by state-run news agency indicated that the Algerian army opened fired on Sunday morning on “a convoy of surface gold […]

Algeria to Privatize Banks in Response to Oil Price Slide

State-owned banks in Algeria will soon be allowed to list in the stock exchange as Algiers continues to stumble in the aftermath of the plummeting oil prices. The privatization of the state-owned banks is an attempt by the Algerian government to promote its underdeveloped banking sector and diversify sources of revenue after the drop in […]