Tunisia: National carrier to shred 400 jobs

Tunisia’s national carrier, Tunisair, will, in February, cut up to 400 jobs as part of the restructuring plan already in execution, Tunis Webdo reports. The airline CEO, Ilyes Mnakbi, said the operation is aimed at shedding positions deems superfluous as the airline seeks to ease its financial burden. The carrier currently employs 8,000 people. It […]

Algeria: Lower house approves Investment bill limiting 49:51 rule

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 […]

COVID-19: Morocco to sell masks to French army

Morocco-made facemasks have been cleared by French army for conforming to top safety standards and the north African country allowed their exports after satisfying domestic needs. A textile company based in Morocco has won a contract to supply the French army, local newspaper Assabah reported. Morocco has reached a production capacity of over 10 million […]