Rafah crossing

Algeria’s Mega Mosque Turns to Financial Black Hole

The giant mosque that is being built to stand as a hallmark of President Bouteflika’s legacy has come to represent all that is wrong with financial governance in Algeria. The mega project, initially launched with a price tag of $1 billion, has drawn funds exceeding $2 billion so far. The monument is becoming a black […]

Spain & Morocco, an enduring partnership cemented by close economic ties

King Felipe VI of Spain and Queen Dona Letizia arrived this Wednesday in Rabat on a two-day official visit to Morocco at the invitation of King Mohammed VI. The Spanish guests were welcomed at the airport by the Moroccan Sovereign, who was accompanied by Crown Prince Moulay El Hassan, Prince Moulay Rachid and princesses Lalla […]

Libya unveils new oil find as production ambitions rise

Libya’s National Oil Corporation has confirmed a significant oil discovery in the Ghadames Basin, approximately 450 kilometers southwest of Tripoli, marking a fresh milestone in the nation’s energy ambitions. The exploratory well, drilled under the oversight of the Arabian Gulf Oil Company, is estimated to produce 4,675 barrels of crude oil and two million cubic […]