Morocco’s spending on cooking gas, sugar and flour subsidies hit 10 billion dirhams ($1 bln) so far this year, compared with 3.8 billion dirhams the same period last year, official figures showed. This 170% increase is mainly due to the simultaneous post-covid recovery which created high demand on commodities, worsened by an offer shortage […]
Algeria has retrieved the accreditation of the Saudi state-owned Al Arabiya channel, claiming it airs fake news. The Algerian Ministry of Communication said in a statement the move was motivated by “the non-respect by this channel of the rules of professional ethics” and “its recourse to disinformation and manipulation.” It is unclear what the fake […]
Morocco and five automotive part manufacturers signed 8 investment agreements worth 1.7 billion dirhams ($1.8 billion) to set up plants in different industrial locations to boost the wiring components, key to meeting the growing orders from electric vehicle makers. Speaking during the signing ceremony, Moroccan Industry Minister Ryad Mezzour said the new investments reinforce Morocco’s […]
