moroccan banks

Paris attacks: President Hollande Thanks King Mohammed VI for Morocco’s effective assistance

President Francois Hollande of France has expressed his country’s thanks to King Mohammed VI for the “effective assistance” provided by Morocco following the Paris terror attacks that shook the French capital a week ago. This came during a meeting between the two heads of State held Friday afternoon at the Elysée, the French presidential palace. […]

International NGO decries Algeria for abandoning thousands of migrants in desert

International NGO “Doctors without Borders” denounced on Friday Algeria’s continuing expulsion of thousands of migrants who are abandoned in the desert of northern Niger without access to shelter, healthcare, protection, or basic necessities. Between 11 January and 3 March 2023, 4,677 migrants arrived into Assamaka – a town in northern Niger’s Agadez region – on […]

Algeria’s budget revenues plunge, raising alarms over fiscal sustainability

Algeria’s public finances are under mounting pressure after a dramatic drop in budget revenues in 2024, driven by falling hydrocarbon income and sluggish non-oil tax collection, according to the Bank of Algeria’s. Total budget revenues fell by 22.66% year-on-year, with hydrocarbon revenues plunging by 31.13% and non-hydrocarbon revenues declining by 13.50%, the Bank said in […]