UN-official-Staffan-de-Mistura

Bill of Imported Refined Products Rises to $2.5 billion in Strikingly Oil-rich Algeria

Algerian authorities are alarmed by the rising bill of refined products, which hit $2.5 billion in 2017 up from 800 million in 2016 due to a surge in domestic demand and lack of national refining industry. As Algeria feels the heat of an economic and financial crisis propelled by the oil price plunge, the country […]

Lebanon: Our Arsenal is beyond the enemy’s imagination, Hezbollah

Secretary General Hassan Nasrallah of Hezbollah, a Lebanese political and paramilitary organization, has warned its enemies that provoking the organization will lead to a dirty war. He said that they have weapons of all sorts that could be imagined. Bahrain, Israel and the French magazine criticised by Nasrallah during his interview with Lebanese television station […]

Automotive sector tops Morocco’s exports, cuts deficit

Morocco’s trade deficit contracted by 6.8% in the first six months this year, thanks to a rise in car exports and a drop in energy imports, the foreign exchange office said. Imports dropped to 358 billion dirhams, while exports rose to 221 billion dirhams leaving a deficit of 138 billion dirhams. Morocco has prepared the […]