Algeria’s crude oil, Saharan blend, dropped below production costs and is now sold at a loss at $11.72 per barrel boding ill for the country’s struggling finances. Oil prices have plunged across the globe due to shortage of demand as the lockdown reduced economic activity worldwide. Analysts expect oil prices to remain at their lowest […]
Moroccan real estate group Alliances Développement Immobilier (ADI) has won a housing deal under which it will build some 7000 dwellings in Côte d’Ivoire, mainly in capital city Abidjan and surrounding areas. The deal related partnership agreement was signed earlier this week in the World Bank headquarters in Paris on the sidelines of the meeting […]
Mauritania, as current chairman of the African union, has called for the creation of an international Fund for the protection and preservation of African heritage under the supervision of UNESCO, which is the center of expertise in this area. The call was launched by Mauritanian Minister of Culture & Arts, Hussein Ould Medou, during his […]
