As it heeds straight towards the depletion of its oil-money coffers, Algeria imposed austerity measures, cutting subsidies and introducing taxes, while maintaining lavish spending on armament unchanged. Algeria spent $1.686 billion on defense that is a 0.4% increase compared to last year, Stockholm International Peace Research Institute (Sipri) said in its latest report on global […]
A tragic train derailment took place on Tuesday morning causing the death of seven people and leaving at least 80 people injured. After the crash, King Mohammed VI gave orders to the minister of the Interior and the minister of Transport who visited the site where aids were evacuating the wounded to the Mohammed V […]
The IMF urged African and other emerging economies to develop domestic financial markets to reduce reliance on volatile external borrowing. In its April 2025 Global Financial Stability Report, the IMF warns that high real interest rates globally have made external financing more expensive and less accessible, especially for frontier markets in Africa. Tunisia was identified […]
