Antonio Guterres

Morocco accelerates desalination push in response to water stress

The recent $14 bln deal between Morocco’s water and electricity provider ONEE and a consortium comprising TAQA Morocco and Nareva, provides for setting up desalination plants across Morocco, in response to the country’s strategy to reduce reliance on dams and groundwater in a context of drought. Under this deal, Morocco will add 900 million cubic […]

King Mohammed VI: Advanced regionalization, lever for economic & social Development; challenges remain

King Mohammed VI has called on all stakeholders to double efforts in order to make advanced regionalization a lever for economic and social development that can help address development challenges, unequal growth, and regional disparities. The Monarch’s call comes in a message addressed Friday to participants at the 2nd National Conference on Advanced Regionalization, convening […]

Algeria’s FX Reserves Tumble 50 pc in Q1 2015 Raising Social Concerns

Algeria’s foreign exchange reserves plummeted by half in the first quarter of 2015 due to the fall in global crude oil prices, the country’s central bank said. The forex reserves went down by $ 19.02 billion to $159.9 billion in the first quarter of 2015, Algerian central bank added, noting that the sales of hydrocarbons […]