State Department

UNCTAD contrasts Morocco’s burgeoning automotive sector with Algeria’s fiasco

The United Nations Conference on Trade and Development (UNCTAD) highlighted Morocco’s headway in the automotive sector and its growing exports that contrast with Algeria’s car industry debacle. Using 2019 figures, UNCTAD showed in a detailed report how Morocco produced 403,218 vehicles compared to 60,012 in Algeria, which in 2020 had to halt production altogether. “In […]

BRICS-issued new currency may pave way for de-dollarization

As the 15th edition of the BRICS summit approaches, two topics are high on the grouping’s agenda: its expansion, with the arrival of several African countries in particular; and the development of a new currency to be used for cross-border trade by the BRICS nations, which may be seen a push for de-dollarization. De-dollarization’s moment […]

Morocco and Qatar sign six agreements, discuss bilateral cooperation, regional issues

Morocco and Qatar signed, Monday in Doha, six agreements and memoranda of understanding in various sectors on the occasion of the holding in Doha of the 8th session of the High Joint Commission. The accords cover the fields of endowments and Islamic Affairs; tourism; trade, as well as financial control between the two countries’ audit […]