State Department

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 […]

Morocco’s King calls for a sound management of water resources amidst an acute water stress

King Mohammed VI has called on all stakeholders to urgently address water resources management at a time Morocco is experiencing a period of severe drought – the most serious in more than three decades. The King, who was accompanied by Crown Prince Moulay El Hassan, made the remarks in a speech before the two chambers […]

Fathi Bashagha fails to win HoR confidence vote; asked to amend Cabinet

Libya’s Prime Minister-designate Fathi Bashagha failed Monday to win confidence vote from the House of Representatives (HoR) which has asked him to reshuffle his proposed cabinet line-up for a new parliament session scheduled this Tuesday. The former interior minister presented Monday to the HoR a government of 41 people including himself. The team is made […]