Algeria’s oil and gas revenues will be reduced by $10 bln to $23 billion as the country struggles with a surge in spending in a heavily subsidized economy. Algerian officials rang the alarm bell as to the deteriorating financial indicators as a result of dwindling energy revenues which represent more than 90% of exports. To […]
Morocco’s Regional Police forces at the Guerguerat crossing with Mauritania in southern Morocco nabbed Thursday November 16 five individuals between the ages of 21 and 52 for smuggling golds as well as illegal drugs used for cosmetic and sexual purposes, reports say. The men were arrested in two separate operations. The first led to the […]
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 […]
