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Algeria: Volkswagen to launch car production plant in 2017

German car producer Volkswagen Thursday indicated that it will start a car producing plant in 2017 with an annual output estimated at 100,000 cars, reports say. According to Rosa Mensouri, Head of SOVAC’s communication department, the German brand will establish its plant at Relizane, in the department of Relizane. Reports say a total of 170 […]

Morocco to cut budget deficit to 3% in 2026

The Moroccan government expects to cut its budget deficit to 3% of GDP in 2026, from 3.5% this year, as it continues to pursue fiscal consolidation and structural reforms, finance minister Nadia Fettah Alaoui said. The government expects to narrow the deficit thanks to tax reforms, while maintaining support for strategic investments and social programs, […]

Tunisia recovers first “stolen” money

Tunisia has finally got some of the money that it refers to as “stolen” during the Ben Ali regime which lasted for 23 years. A sum of $28,8million which was recovered by the United Nations Stolen Asset Recovery team from a Lebanese bank account under the name of the former president’s wife, Leila Trabelsi. The […]