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Algeria: ‘Bouteflika candidate for 2019, if he wishes,’ Ruling Party New Secretary

Newly elected secretary of the ruling National Liberation Front (FNL), Ould abbaes, has dropped a bombshell when he said that the party’s long-standing president Abdel Aziz Bouteflika would be the party’s candidate for the 2019 presidential election if he wishes. “It is obvious that the President of the party will be our candidate in 2019 […]

Morocco to Set Up Market for Non-Performing Loans to Strengthen Financial Stability

Morocco is planning to set up a market for non-performing loans (NPLs) offering the possibility of buying and selling of unpaid loans beyond set deadline. Banks can sell NPLs to reduce risk, free up capital, and maintain profitability, while investors seek to profit by restructuring or recovering value. Morocco’s Central bank, Bank Al-Maghrib, has been […]

More efforts needed to stabilize South Sudan — UN peace official

Greater efforts are needed to stabilize South Sudan, said the United Nations head of peacekeeping operations, Jean-Pierre Lacroix, as he wrapped up a visit to the war-torn country that is struggling with the impact of climate change in addition to inter-communal conflicts, all of which have led to a growing need for humanitarian aid. During […]