76th Session of the United Nations General Assembly

Morocco’s economy to contract by 1.8% in the second quarter

Morocco’s gross domestic product is set to recede in the second quarter by 1.8% as the coronavirus and the measures relating to it halted most of services and hit sectors that are vital to foreign currency revenues, the high commission for planning HCP said. The economy is expected to grow only by 1.1% in the […]

Turkey to mediate in Somalia-Ethiopia port row

Somalia and Ethiopia will resume negotiations in Ankara on a port in Somaliland, a breakaway region where Addis Ababa offered recognition in return for using the Red Sea port. Relations worsened when Ethiopia and Somaliland signed a memorandum of understanding to use 20 km of coastal land for a port purpose. Somalia opposed the deal […]

Algeria-WB: Difficult to do business in Algeria

The World Bank Doing Business 2016 report categorizes Algeria among countries “hostile’’ to investment, placing the country at the 163rd rank out of 189 countries, with Singapore topping the rankings. Despite a myriad of efforts to stimulate economic revival following a plunge of the country’s economy due to the collapse of oil prices, Algeria is […]