Morocco and Djibouti signed, Monday in Rabat, a cooperation agreement aimed at developing maritime relations between the two countries and at ensuring better coordination of bilateral maritime traffic and related maritime transport. Under the agreement, the two parties undertake to cooperate for the development of merchant marine between their respective ports and encourage shipping companies […]
As it heads straight to insolvency, Algeria insists on shunning foreign debt as it resorts to unconventional measures involving the Central Bank money printing to delay an impending bankruptcy in the absence of genuine reforms. After Algerian Prime Minister Ahmed Ouyahia announced a five-year plan to reduce his country’s ballooning budget deficit by borrowing directly […]
Tunisia’s national carrier, Tunisair, will, in February, cut up to 400 jobs as part of the restructuring plan already in execution, Tunis Webdo reports. The airline CEO, Ilyes Mnakbi, said the operation is aimed at shedding positions deems superfluous as the airline seeks to ease its financial burden. The carrier currently employs 8,000 people. It […]
