german weapons

Crisis-hit Algeria Earmarks 25% of its Budget to Defense

Despite announcing austerity measures to fend off an impending crisis, Algeria maintained its lavish spending on defense to which it earmarked 25% of its 2018 budget, that is equivalent to $10.4 billion. Whatever happens never reduce spending on arms. This seems the guiding principle of the military dominated Algerian state, which seems to turn a […]

UN report sees better prospects for African growth in 2025

The UN Department of Economics and Social Affairs predicts an improvement of overall African growth in 2025 to 3.7% from 3.4$, despite global stagnation. “Economic growth in Africa is projected to strengthen… driven by recovery in the region’s largest economies,” the report says. However, “Central Africa lags behind due to stagnating oil production and political […]

Royal Palace Worth $150 mln to be Transformed into Luxury Resort in Agadir

Once a Royal Palace overlooking the Atlantic Ocean and laying at the foot of the Western High-Atlas mountains, the edifice will soon be turned into a landmark resort adding to the tourist attraction of Morocco’s second tourist destination, Agadir, Moroccan media outlets reported. The palace, 20 km north of Agadir, was established by the late […]