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Spain keeps position as Morocco’s first trading partner in 2019

EU countries took 66% of Morocco’s foreign trade with Spain topping the list with $15 bln followed by France with $13 bln, the foreign exchange agency said. Spain and France accounted for 58% of overall trade with the EU as Morocco has been steadily diversifying trade partners over the last few years, the agency said […]

Algeria’s revenue lifeline Sonatrach in a free fall

Algeria’s main source of revenue, oil and gas company Sonatrach, has seen troubles piling up as it struggles to juggle with historically low oil prices. The company, which accounts for more than 90% of Algeria’s exports, was dealt another blow with the cancelation of a supply contract with Spain’s Naturgy. Sonatrach will be obliged to […]

Tunisia Launches Charm Offensive to Join ECOWAS as Maghreb Union Crumbles

In the face of the paralysis crippling the Maghreb union, Tunisia is following the example of Morocco by repositioning itself on the African continent. Tunisia’s bid to join the Economic Community of West African States (ECOWAS) is thus part of an endeavor to seek regional integration facilitating the flow of goods and investments in an […]