The People’s Assembly, Algeria’s lower house of parliament, adopted the 37 amendments of the bill on the promotion of investment and limited the controversial and strongly criticized 49:51 investment rule to “strategic sectors” only. The amendments were proposed by the committee of economic, development, industry, trade and planning affairs of the Assembly. The minister of […]
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 […]
Late rainfall is auguring ill for this year’s crop year in Morocco amid a depletion of water dam filling rate to worrying levels. Last year Morocco had an exceptional cereals harvest of 13.5 million tons and exports of agri-food products rose 9.2% to 69 billion dirhams. This year however farmers are ringing the alarm bell […]
