Marrakech Jamaa El Fna

Crisis-hit Algeria Earmarks 25% of its Budget to Defense

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 […]

Morocco’s Tourism sector gets support from EBRD & UNWTO

The World Tourism Organization (UNWTO) has teamed up with the European Bank for Reconstruction & Development (EBRD) to help tourism industry recover from the covid-19 impact in several countries, including Morocco. The coronavirus lockdown has affected many sectors of the global economy, with tourism being among the hardest hit as worldwide destinations introduced restrictions on […]

Pharmaceutical giants to leave cash-strapped Tunisia

Three pharmaceutical giants are about to put an end to their investments in Tunisia, in a series of bad economic news that continued to flow in Tunisia led by a President who is more into empty rhetoric than taking action to avert the financial collapse of the country. So far, local subsidiaries of Bayer, GSK […]