The drop in oil prices has taken a heavy toll on Algeria’s budget revenues with the trade deficit expanding to 15.8 billion dollars as of October compared to 13.7 billion dollars the same period last year. By the end of October, Algeria’s export revenues slipped by 23.44% standing at 22.7 billion dollars propelling the government […]
Morocco, a beacon of moderate Islam, is about to open a new Foundation for African Ulemas (Islamic clerics/scholars) during this month of Ramadan, according to press reports. Dubbed “Mohammed VI Foundation for African Ulemas,” this new academic institution, based in the city of Fez, will enhance further the special religious and cultural ties existing between […]
The Morocco-Nigeria gas pipeline project is gaining momentum as the United Arab Emirates has agreed to contribute to the funding of this $25 billion project to ship Nigerian gas to Europe through Morocco. The announcement was made lately by Morocco’s Minister of Energy Transition Leila Benali in a statement at the Moroccan Parliament. She told […]
