King Mohammed VI innovation city

Algeria risks bleak economic prospects in 2026 as Oil prices slump

Algeria’s state-led economic model faces growing vulnerabilities as global oil prices weaken and fiscal imbalances deepen, while diversification stalls. Latest IMF and World Bank assessments reveal a troubling mix of widening deficits, persistent unemployment, and distorted macro indicators that mask underlying fragility. The IMF projects average oil prices at $65.8 per barrel in 2026, down […]

Libya: Head of UNSMIL deplores Monday airstrike against biscuit factory

Special UN Representative and head of the UN Mission in Libya (UNSMIL) Ghassan Salamé has deplored the airstrike slammed into a biscuit factory in Libya’s capital, Tripoli, while people were at work. Addressing the UN Security Council Monday via videoconference from the Libyan capital, he said he was “angry and sad” by the new mass […]

How Morocco shunned double digit inflation

Inflation which stood at 5% in 2022 could have soared to 10% had it not been for proactive measures taken by the government to protect the purchasing power of citizens, finance minister Nadia Fettah Alaoui said. Morocco had increased allocations to the compensation fund to 40 billion dirhams, offered transporters help, while the central bank […]