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Algerian Generals alarmed by Morocco-Israel drones manufacturing project

The Algerian military junta is extremely concerned by the visit to be paid by Israeli defense minister Benny Gantz to Morocco following the normalization of relations between the two countries, which are looking forward to step up their military and economic cooperation. According to several press reports, during his trip, expected after the formation of […]

COFACE: Algeria Listed among High Risk Countries

French Credit Insurance Company Coface has downgraded Algeria ratings to C, the lowest grade, over serious concerns of social frustrations boiling in the oil-producing country wherein high risks of social turmoil are exacerbated by the volatility of oil prices. The Algerian growth “slowed in 2017 due to the state’s dwindling financial resources and public spending […]

Post-Covid: Moroccan CIH bank gets €40 Mln EBRD loan to support local businesses

The European Bank for Reconstruction and Development (EBRD) approved on Tuesday a €40 million loan package to Moroccan bank “Crédit Immobilier et Hôtelier” to enable it enhance the resilience of local trade and businesses affected by covid-19 pandemic. Under the agreement sealed by the two parties, the EBRD will provide a €20 million loan to […]