Greek FM

Algeria: Social Model Unsustainable, Former Official

Algeria’s “social model” known for its significant subsidy program is “unsustainable even if oil prices go up because we have a problem of price but also a problem of volume.” The statement was made by Abdelatif Benachenhou, former finance minister and economic adviser to President Abdealziz Bouteflika, who said that the state spends around $45billion […]

Morocco: King appoints Mohamed Benchaaboun as head of the Mohammed VI Fund for Investment

King Mohammed VI has appointed Mohamed Benchaaboun as head of the Mohammed VI Investment Fund, at a time Morocco assigns particular importance to spurring private investment. The appointment was announced during the meeting of the Council of Ministers, held Tuesday in rabat, under the chairmanship of the sovereign, who has set the target of attracting […]

Mired in corruption, European Parliament scapegoats Morocco

As it seeks a scapegoat to pin its corruption scandals, the European Parliament picked Morocco by issuing a hostile resolution that interferes with Morocco’s judiciary. The resolution picked the cases of three journalists indicted on sexual assault charges to denounce Morocco for violating press freedom in a blatant disrespect for the victims as well as […]