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Morocco’s King represented at 2nd Russia-Africa Summit by head of Government

King Mohammed VI is represented at the second Russia-Africa Summit by Head of Government, Aziz Akhannouch, who arrived in Saint Petersburg on Thursday. The second Russia-Africa Summit and Economic Forum opened in St. Petersburg, in the presence of heads of state, heads of government and ministers from 49 African countries, according to the Kremlin. The […]

Algeria loses about $100m over poor quality of Sonatrach’s petroleum products

Algeria’s energy giant Sonatrach has suffered a new setback after Turkey rebuffed two shiploads of liquefied natural gas (LNA) worth around $100 million after the discovery of oil in the load, Algerie Part Plus reports. Sonatrach, after it lost its biggest customers, namely the Spanish electricity companies, and Electricité du Liban that accused it of […]

Morocco’s Inflation Turns Negative as Food Prices Decline in November

Morocco’s consumer price index registered negative 0.3 percent year-over-year deflation in November, driven primarily by falling food prices, according to High Commission for Planning data. This development reflects food product index decline of 1.2 percent offset partially by non-food product increases of 0.4 percent. Non-food product variations ranged from 1.5 percent decreases in transportation to […]