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Algeria: IMF draws grim picture of economy

The International Monetary Fund (IMF) has painted a grim picture of the Algerian economy which has been weakened by the macroeconomic imbalances exacerbated by the Covid-19 pandemic and needs urgent structural reforms to maintain stability. “The coronavirus pandemic and concomitant decline in oil production and prices have seriously impacted the economy last year, leading to […]

Algeria : The time for reform is now, PM Sellal

At the opening ceremony of the two-day National Conference on External Trade taking place at the Palais des Nations in Algiers, Prime Minister Abdelmalek Sellal said the drastic fall of oil prices gives “a valuable opportunity” to the county “to review the situation of its trade to radically and progressively end dependence on hydrocarbons.” Algeria’s […]

Morocco, UAE upgrade cooperation in fight against terrorism financing, weapons proliferation

Morocco’s National Commission for the Implementation of Sanctions Imposed by UN Security Council Resolutions on Terrorism, Arms Proliferation and their Financing (CNASNU), and the Executive Office for Control and Non-Proliferation of the United Arab Emirates (UAE), signed a Memorandum of Understanding (MoU) in Dubai on Thursday, to strengthen and develop means of cooperation and partnership […]