After years of loose monetary policy, with 0.5 percent interest rate and three consecutive waves of quantitative easing (QE), including buying US$ 85 billion per month of Treasury bonds (T-bonds), Ben Bernanke, the chairman of the Fed’s board of governors, announced in May the Fed’s intention to commence tapering its asset purchase program. The Fed’s […]
The UN World Tourism Organization picked Marrakech as a home to its regional Africa office, Moroccan media reported citing official sources. The decision was taken during the 24th session of the UNWTO General Assembly amid fierce competition from other African cities. During the 24th UNWTO General Assembly, Morocco has also been elected a member of […]
Algeria’s powerful army chief and the country’s de facto ruler Ahmed Gaid Salah died Monday morning after he was admitted to the military hospital of Algiers after a heart attack Sunday night. His death was confirmed by state radio and state news agency APS, which also announced that President Abdelaziz Tebboune declared an exceptional full […]
