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Algeria: Africa’s 2nd largest consumer gets €50 million Renault factory
Algerian and French government officials were gathered at the western city of Oran to witness the opening of a €50 million Renault car factory in Algeria that will produce 25,000 units per year before rising to 75,000 by 2019. The plant is a joint venture and will be producing the ‘Symbol’ model; a saloon based […]
Ways to strengthen strategic relationship between Morocco and USA reviewed in Rabat
Ways to strengthen the strategic relationship existing between Morocco and the United States were reviewed at a meeting in Rabat this Monday Head of Government, Aziz Akhannouch, and a six-member delegation of US Congressmen representing both the Republican and Democratic parties. During the meeting, the two parties surveyed the various aspects of multi-sector bilateral cooperation, […]
Egypt’s external debt drops 5% in Q4 FY2023/24 – WB
Egypt’s external debt reached a record $168.1 billion in 2023, a 2.9% rise from the previous year and the highest level since 2012, according to the World Bank’s International Debt Report (IDR) released on December 3. However, the Central Bank of Egypt (CBE) reported a 5% quarterly decline, with external debt falling to $152.88 billion […]



