sahara_laayoune

Algeria’s crude prices drop below production cost

Algeria’s crude oil, Saharan blend, dropped below production costs and is now sold at a loss at $11.72 per barrel boding ill for the country’s struggling finances. Oil prices have plunged across the globe due to shortage of demand as the lockdown reduced economic activity worldwide. Analysts expect oil prices to remain at their lowest […]

Rabat rejects any Israeli unilateral move in occupied Palestinian Territories

Morocco has expressed its rejection of all unilateral measures that could be taken by Israel in the occupied Palestinian territories, whether in the West Bank or in Eastern Al-Quds. Addressing an emergency meeting of the OIC Executive Committee, held Wednesday, Foreign Minister Nasser Bourita said any Israeli annexation move would violate international law, undermine the […]

Africa: Digital transformation in banking industry well underway — report

Banking access across Africa has increased in 2022, with 48% of the population having access to banking services, compared to 45% in 2017, according to the latest edition of the African Digital Banking Transformation Report, that attributes the growth to the popularity of mobile money and digital banking. Overall, the new survey paints a picture […]