Moroccan-elite-unit

Over 70% of Moroccan households received cash handouts to cope with Covid 19

Morocco has distributed cash to a little over 70% of Moroccan households to help them cope with the restrictive measures to curb the coronavirus, finance minister said. Morocco has offered 2000 dirhams from March to June to workers affiliated to the pension fund CNSS and up to 1200 to households, whose main provider is working […]

Algerian President’s hospitalization abroad very costly for the tax payers

While Algeria is facing an acute financial crisis and while protests are erupting across the country, President Abdelmadjid Tebboune is hospitalized in Germany since October 28, 2020, after he was affected by coronavirus. Aside from the power vacuum due to the President’s long absence, his hospitalization is very costly for the country. Actually, according to […]

Egypt calls back banned investors

In a move to bring Egypt’s growth back to its pre-revolution era, Investment minister Yehya Hamed declared that he was ready to negotiate with businessmen close to Mubarak who fled Egypt during and after the revolution. The goal is to bring the economy to a 7% annual growth rate, allowing the country to breathe. According […]