Despite announcing austerity measures to fend off an impending crisis, Algeria maintained its lavish spending on defense to which it earmarked 25% of its 2018 budget, that is equivalent to $10.4 billion. Whatever happens never reduce spending on arms. This seems the guiding principle of the military dominated Algerian state, which seems to turn a […]
France granted a 128 million euro loan to fund the locomotives that Morocco’s national railway operator (ONCF) plans to purchase as part of its development program. The loan will boost the ONCF shift to electric railway in line with Morocco’s environmental commitment. ONCF posted a net profit of 223 million Dirhams in 2016, up 31% […]
Head of UN-backed Presidential Council (PC) Faiez Serraj has appointed finance minister to help release life-saving funds help up by Central Bank of Libya (CBL) at odd with Libyan unity government. Libya has been without financial minister since the inception of the unity government in December. Fakhr Muftah Bufernah aligned House of Representatives (HOR), initially […]
