Moroccan Royal navy

Algeria’s trade surplus, tree hiding forest of economic dysfunctions

Algeria has reported a surplus of $1 billion by November and sees the figure increasing to $2.3 billion by year’s end in what could be commended in a normally functioning economy. But in Algeria’s case, this surplus was achieved after depriving citizens of key goods, leading to high inflation and shortages. The figure is also […]

Algeria sentences journalist Ihsane El-Kadi to 5 years in prison on charges of receiving foreign funds

A court in Algeria on Sunday sentenced Ihsane El-Kadi, a prominent journalist in the country, to five years in prison, accusing him of receiving foreign funds with an aim to threaten state security. In addition, the court ruled that Interface Media, which operates the news website Maghreb Emergent and Radio M station, be dissolved and […]

MasterCard, Copal ink partnership agreement to launch family payments mobile app in Egypt

MasterCard has inked a partnership agreement with Copal to launch Egypt’s first family digital payment and expenses management mobile application, Arab Finance reports, citing a press release. The app aims to spread E-banking services by integrating youth into the banking system and the formal economy in a way that achieve Egypt’s financial inclusion goals, the […]