Cereal harvest

Algeria turns back to accord with Morocco on iron mine in Tindouf

Algerian state media announced that the country signed a memorandum of understanding with a consortium of Chinese companies to exploit an iron ore in Tindouf, near the Moroccan border, in a move that violates an agreement signed with Morocco.   The consortium, which includes China International Water & Electric Corp, Heyday Solar and the iron […]

Haiti inaugurates its embassy in Rabat, to open its consulate in Dakhla Monday

Haiti inaugurated Saturday its Embassy in Rabat, during a ceremony chaired by Haitian Foreign Minister Claude Joseph and his Moroccans peer Nasser Bourita. Claude Joseph announced, on this occasion, the opening of Haiti’s consulate in Dakhla, on Monday, a move reiterating the Caribbean country’s commitment to support Morocco’s efforts to defend its sovereignty and territorial […]

Algeria Resorts to Time-buying Measures to Stave off Bankruptcy

As it heads straight to insolvency, Algeria insists on shunning foreign debt as it resorts to unconventional measures involving the Central Bank money printing to delay an impending bankruptcy in the absence of genuine reforms. After Algerian Prime Minister Ahmed Ouyahia announced a five-year plan to reduce his country’s ballooning budget deficit by borrowing directly […]