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EU: Algiers’ move to freeze trade with Spain violates EU-Algeria Association Agreement

EU Foreign policy Chief Josep Borrell and Executive Vice-Pdt of European Commission, Valdis Dombrovskis, have voiced concern over Algeria’s unilateral decision to suspend the Friendship Treaty with Spain, saying the Algerian move of halting transactions with Madrid is a “violation of the EU-Algeria Association Agreement, in particular in the area of trade and investment”. Algeria […]

Morocco: Central Bank raises rates to 2.5 % & expects growth to reach 3pc in 2023

Morocco’s central bank has decided to raise its key rate by 50 basis points to 2.5pc due to inflation upward trends and external pressures that spread to non-tradable goods and services and to the implementation of the subsidy system reform starting 2024. During last quarterly meeting held Tuesday in Rabat, the Board of Bank Al-Maghrib […]

Bilateral ties at heart of talks between Moroccan FM and US President’s Advisor

Moroccan Foreign Minister Nasser Bourita and Jared Kushner Senior Advisor to US President Donald Trump discussed in Washington the longstanding Moroccan-US ties as well as a set of regional issues. The two men examined means to advance ties and shared views on a set of regional issues of common interest at a meeting attended by […]