European parliament

Morocco Orders Two Spain-made Patrol Boats worth €260 Million

Morocco’s navy will be bolstered with the acquisition of two Spanish patrol boats made by Navantia, state-owned shipbuilding company, which offers its services to both military and civil sector. The deal, worth €260 million, was reported by Far-Maroc, a website specializing in Moroccan defense news. “Morocco is in a pressing need of patrol boats of […]

South Africa on Footsteps of Morocco’s African Economic Diplomacy

The inroads of Morocco’s economic diplomacy in Africa are inspiring leaders in South Africa, which aspires to follow suit through the launch of an African policy to strengthen economic ties with the continent. The move was announced by South Africa’s Foreign Minister Lindiwe Sisulu, in an attempt to break away with the unfruitful political rhetoric […]

Algeria’s budget revenues plunge, raising alarms over fiscal sustainability

Algeria’s public finances are under mounting pressure after a dramatic drop in budget revenues in 2024, driven by falling hydrocarbon income and sluggish non-oil tax collection, according to the Bank of Algeria’s. Total budget revenues fell by 22.66% year-on-year, with hydrocarbon revenues plunging by 31.13% and non-hydrocarbon revenues declining by 13.50%, the Bank said in […]