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Algeria’s Foreign Reserves to Further Shrink to $97 bln in 2017

Battered by falling oil and gas revenues, Algeria’s foreign exchange reserves are expected to further shrink to $97 billion, down from $193 billion in 2014, official data shows. With the slump in oil prices, the rest of the Algerian economy can’t generate the foreign exchange needed to pay for imports as oil and gas represent […]

Morocco’s Royal Atlantic Initiative showcased in Russia’s Sochi

Morocco’s foreign minister Nasser Bourita highlighted the Kingdom’s south-south cooperation approach in Africa as evidenced by the Atlantic Initiative, that was launched by King Mohammed VI to give access to the ocean and global trade to landlocked Sahel states. Bourita was speaking at a Russia-Africa partnership forum in Sochi hosted by the Russian government. Bourita […]

Moroccan diplomat denounces destabilization attempt targeting Morocco in France, elsewhere

Moroccan ambassador to Paris Chakib Benmoussa has denounced the attempts orchestrated by networks hostile to Morocco in France and elsewhere seeking to destabilize the Kingdom and denied any spying on President Emmanuel Macron or any members of the French Government. “Morocco did not spy on President Emmanuel Macron. It did not spy on the former […]