forest-fires-in-Algeria

Moroccan employers happy with interest rate cuts

Head of Moroccan employers association (CGEM) Chakib Alj said the key interest rate and reserve requirement cut to 1.5% and 0% respectively are conducive for an economic recovery from the repercussions of the coronavirus. These cuts give banks more flexibility in financing enterprises during this crisis notably SMEs, he told local media. The government has […]

Algeria: State-Owned IMETAL Takes over ArcelorMittal’s Shares in Three Companies

Algerian public company IMETAL specialized in metal work and steel industry took control on Sunday of shares of Indian giant ArcelorMittal in ArcelorMittal Algérie (AMA,) ArcelorMittal Pipes and Tubes Algeria (AMPTA) and ArcelorMittal Tebessa (AMT,) reports say. The deal has been in the pipeline since October last year. The Indian giant controlled 49 per cent […]

Sudan: UN raises alarm over surge in sexual violence as war enters third year

The United Nations has condemned the alarming scale of sexual violence unfolding in Sudan’s conflict, as the war between the Sudanese Armed Forces (SAF) and the Rapid Support Forces (RSF) enters its third year. Marking the International Day for the Elimination of Sexual Violence in Conflict on Thursday, June 19, the UN’s acting Resident and […]