Algeria’s Steel Giant to Be De-Facto Nationalized

The Algerian government has been interested in buying additional 21% shares in the Annaba unit of the steel producing company, ArcelorMittal, for 200 million USD. As the state already owns 30% of the firm, such a transaction would make the Algerian government a de facto majority shareholder and owner of ArcelorMittal. The government reportedly wants […]

Most of Morocco emerges from three-month confinement

Most Moroccans can finally leave their homes without a permit as the country relaxes confinement measures in strict respect of anti-coronavirus protection measures. Cafes across the kingdom have been asked to not exceed half capacity. In downtown Rabat most cafes seemed to abide by social distancing rules. Some big brand outlets are monitoring temperature of […]

Algeria: Army denies reports on arrest of 13 senior officers

The Algerian defense ministry denied in a statement report by local media el Watan claiming that 13 senior officers have been recently detained over contact with former army general Ali Ghediri who intends to run for April Presidential elections. El Watan quoted in its Sunday publication a military source as saying that 13 colonels and […]