Tindouf

Algeria’s Foreign Exchange Reserves to Shrink to $85 bln by end of 2018

The Algerian government has started to feel the heat of the falling oil and gas revenues, as the country’s foreign exchange reserves are expected to further drop to $85 billion at best, barely enough to cover 18 months of imports. The figure was recently announced by Algeria’s finance minister Abderrahmane Raouya who told MPs that […]

Tunisia’s Truth Commission Ends Four-year Mission

Tunisia’s Truth and Dignity Commission that was set up in 2014 to investigate and serve justice to victims of half a century of dictatorship is poised to submit its recommendations. The first version of the recommendations is to be delivered at a public event on Friday and Saturday, before the full report is submitted by […]

Morocco picks Mitsubishi advanced turbines for Al Wahda power plant

Morocco’s National Office of Electricity & Drinking Water (ONEE), has selected Mitsubishi Power and its M701JAC gas turbines for the Al Wahda open-cycle gas turbine (OCGT) power plant. The 990 MW Al Wahda project consists of two 495 MW open-cycle gas turbines (OCGT) using gas – and diesel as an emergency fuel – with the […]