WAEMU

Algeria’s Foreign Exchange Reserves to Drop to $85 bln by End 2018

Imports continue to drain Algeria’s foreign exchange reserves, which are expected to end 2018 with $85 billion as the country reels under the drop in oil revenues. Reserves were at $90 billion by the end of May, almost less than half the $190 billion reserves registered in end 2014 prior to the oil price slump. […]

After Turkey, Morocco set to curb trade deficit with Tunisia, Egypt

Morocco has taken steps to renegotiate a free trade deal with Tunisia and Egypt to protect its own industrial fabric and protect jobs after it took a similar move to balance its trade deficit with Turkey. Aujourd’hui le Maroc reported that Morocco plans to renegotiate the tax imposed on a list of goods including textile, […]

US grows impatient with Algeria’s position on Sahara Conflict

Massad Boulos, senior adviser to US President Donald Trump on Middle Eastern and African affairs, reportedly urged Algerian authorities to reconsider their stance on the Sahara conflict during a visit to Algiers in July, according to a report by Al Hurra. The US-funded Arabic-language news outlet said Boulos pressed Algeria to either endorse Morocco’s autonomy […]