World bank

Egypt rejects reports about seeking $15b loan from IMF

Egypt’s Finance Minister Mohamed Maait has denied reports that the Arab Republic is seeking a $15 billion-loan from the International Monetary Fund (IMF) to shore up its finances. Goldman Sachs Group Inc. in a July report indicated that Egypt may need to secure $15 billion from the IMF to meet its funding requirements over the […]

OCP inaugurates Morocco’s largest photovoltaic plant at Oulad Farès in Khouribga

OCP Green Energy recently commissioned the Oulad Farès photovoltaic plant in Khouribga, featuring 105 megawatt-peak capacity that makes it Morocco’s largest solar farm of this type currently operational. The facility powers the world’s largest phosphate mine while injecting green electricity into the national grid. The installation spans 168 hectares with thousands of solar panels converting […]

Algeria: European Parliament denounces human rights abuses, calls for the emergence of civilian-ruled Algeria

The European Parliament adopted this Thursday by an overwhelming majority an emergency resolution whereby it denounces the violations of human rights in Algeria and the deterioration of freedoms. The resolution, adopted by an overwhelming majority of 669 votes in favor, 3 against and 22 abstentions, also calls for “the emergence of a democratic Algeria ruled […]