algeria-no oil sales to minors

Egypt Gets $ 6.3 Bln German Financial Support for Power Projects

The Egyptian government has obtained a German financial support for three power projects to be carried out under the supervision of German group Siemens, through their local partners Orascom Construction and El-Sewedy Electric. The three projects will cost $ 6.3 billion lent by Deutsche Bank, HSBC Germany and German Bank of Reconstruction (KfW). The loan […]

Algeria’s hostility towards Morocco, an attempt to conceal own internal crisis

Algeria’s hostility and mounting escalation against Morocco is an attempt to “evade and conceal” a “critical” socio-economic situation on its territory, said Permanent Representative of Morocco to the UN, Omar Hilale. “Algeria, instead of addressing its own mistakes, vehemently tries to blame Morocco for all its troubles, even if fortunately the Algerian people does not […]

Robust remittances from Moroccans abroad offset tourism losses

The restrictive measures to contain the Covid-19 pandemic have dealt a blow to the inflow of hard currency from the tourism business in Morocco that has been offset so far by a surge in remittances from Moroccans abroad. In the first ten months this year Morocco’s foreign exchange regulator has reported a record 80 billion […]