Port de Casablanca pour MARSA MAROC

Historic debt relief agreement marks new chapter in US-Somalia relations

Somalia has achieved a significant financial breakthrough with the United States agreeing to cancel more than $1.1 billion in outstanding loans, representing approximately one-quarter of the nation’s remaining debt burden. This historic agreement marks a crucial step in Somalia’s economic recovery from decades of financial isolation. The debt, largely accumulated during the military dictatorship that […]

Ex-Algerian FM named board member of Swedish SIPRI

Veteran Algerian diplomat Ramtane Lamamra, whom the U.S block to become UN Special Envoy in Libya, has been appointed board member of Swedish state-founded Stockholm International Peace Research Institute (SIPRI) think-tank. SIPRI in statement on Thursday, announced the appointment of the former foreign minister who will join seven other board members. “We are extremely honoured […]

Morocco’s automotive sector set to make up for coronavirus losses

The outbreak of the coronavirus has crippled the global supply chain for the automotive sector which, coupled with a demand crisis, has triggered a lethargy in the car industry fabric globally with Morocco being no exception. Morocco has made the automotive sector a pillar of its industrial strategy attracting large-scale investments by world giants such […]