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Algerian regime in disarray after media reports on King’s attendance of Arab summit

Both Jeune Afrique and Charq Al Awsat announced that King Mohammed VI of Morocco will attend the Arab summit, a news that trapped an Algerian regime who made hostility to Morocco its doctrine. Although there is no official confirmation yet from the Royal palace on who will attend the summit, the news in itself has […]

Morocco’s central bank maintains key rate at 2.75%

Morocco’s central bank maintained its benchmark rate at 2.75% amid decreasing inflation. The bank said inflation would decrease to 1.3% this year as a result of falling food prices, the main driver for inflation in the country. Inflation would increase slightly to 2.2% in 2025 as the government negotiates a new wave of price hikes […]

Egypt to Build Russian Nuclear Power Plant

Egyptian authorities are negotiating with Russian Company Rosatom for the construction of a nuclear power plant to enable the most populous country in the Arab world meet its growing energy demands. Talks are believed to be at their final stages and a deal is expected to be sealed by the end of 2015, according to […]