Morocco Gains EU Support to Advance Creative/Cultural Industries & Boost Youth Entrepreneurial Initiatives

Morocco-EU cooperation is gaining momentum with the EU backing of three new projects aimed at boosting creative & creative industries (CCIs) in the Kingdom. On Tuesday, Moroccan minister of Youth & Culture Mohamed Mehdi Bensaid and EU ambassador to Morocco Dimiter Tzantchev presided over in Rabat the signing ceremony of these selected initiatives designed to […]

Algerian army scapegoats two former PMs ahead of unpopular elections

Two Prime Ministers who both served under President Abdelaziz Bouteflika were sentenced to lengthy prison terms on corruption related charges in a move that aims to appease the anger of Algerian protesters ahead of unpopular elections next Thursday. Ahmed Ouyahia and Abdelmalek Sellal, close allies of Bouteflika, received 15 years in prison and $16,000 in […]

COFACE: Algeria Listed among High Risk Countries

French Credit Insurance Company Coface has downgraded Algeria ratings to C, the lowest grade, over serious concerns of social frustrations boiling in the oil-producing country wherein high risks of social turmoil are exacerbated by the volatility of oil prices. The Algerian growth “slowed in 2017 due to the state’s dwindling financial resources and public spending […]