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Sahara: BRICS’ backing to Morocco’s position deals fatal blow to Algeria – Spanish Magazine

The BRICS leaders, who met in Johannesburg, provided a significant boost to Morocco’s stance on the Sahara issue by supporting it and affirming their dedication to international law. This move dealt a fatal blow to Algeria and the polisario, commented Spanish news outlet Atalayar. “The BRICS meeting’s declaration unequivocally supports the Moroccan stance,” advocating the […]

Morocco gets $250 Mln World Bank loan for economic development of Nador region

The World Bank approved Friday a $250 million loan to Morocco for the economic development of its North-Eastern region. The funding will help improve transport connectivity and enable private sector growth in the North-East region, notably around the development of the Nador West Med (NWM) maritime complex. Morocco is implementing a major infrastructure investment plan […]

The fall of Algerian dinar augurs ill for Algeria’s social peace

The Algerian government has devalued the Dinar on the back of dwindling foreign exchange reserves provoking high inflation and concerns of violent unrest. Since the end of the era of expensive oil in 2014, the Algerian dinar took a plunge and now trades for 200 dinars per Euro in the black market. From 200 billion […]