Algeria central bank

Algeria to conclude oil deal with Exxon Mobile

The government Algeria will conclude its deal with Exxon Mobil Corp and set up a trade joint venture with an international company before the first half of 2019, Sonatrach’s Chief Executive Officer said. Algeria is mulling over luring in international oil companies with tax incentives in a new energy law aimed at stimulating the North […]

Morocco Reaps Benefits of Royal Leadership in Sahara Issue- Spanish Paper

Morocco has scored precious diplomatic points in the UN-led negotiations to settle the Sahara issue, thanks to the leadership of King Mohammed VI, said Spanish paper, La Provincia. The King’s policy regarding the Sahara has given Morocco an upper hand in the Sahara issue evidenced by the increasing withdrawals of recognition of the Algerian-based SADR […]

King Mohammed VI Gives Substance to National Water Plan

Few days after announcing a €10.8 billion (115.4 billion MAD) national plan to meet Morocco’s increasing water needs over the next seven year, King Mohammed VI inaugurated a dam near Essaouira worth about €87 million (920 million dirhams). Built on Oued Ksoub, Moulay Abderrahmane dam, with a 65 million m3 capacity, will secure drinking water […]