Bourita-Boris-Johnson

Covid-19 costs five major Moroccan public enterprises over $600 mln

The restrictive measures to slow the outbreak of the coronavirus ensued revenue losses estimated at $600 million for five Moroccan state-owned enterprises. These include flag carrier RAM, which loses up to $100 million per month, national electricity and water utility with $44 million, airports agency with $30 million, rail operator ONCF with $28 million and […]

Algeria: Popular independence war veteran arrested for alleged insult to army

Algerian authorities have arrested a prominent independence war veteran for allegedly demoralizing and insulting the army. The office of Algiers prosecutor Sunday ordered the temporarily detention of Lakhdar Bouregaa, one of Algeria’s iconic war veterans in the 1954 to 1962 liberation fight against France. His arrest at his residence in an upmarket neighborhood of Algiers […]

Algeria to Invest $ 70 Billion Shale Gas

Algerian state-owned company “Sonatrach” is planning to invest at least $70 billion over the next 20 years for the exploitation of shale gas in the Saharan region. The plan was disclosed by the company’s managing director Said Sahnoun who hopes his country would be able to produce 20 billion cubic meters per year from 200 […]