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Algeria: Crisis Worsening, Fueling Social Anger & Raising Fears of Implosion

The social and economic situation is getting worse in Algeria despite the government’s efforts to contain the crisis, exacerbated by chronic corruption and falling revenue from oil and gas. Deeply concerned over the shrinking of its hard currency reserves needed for the purchase of products manufactured abroad, the Algerian authorities decided to curb import but […]

EBRD supports Moroccan cheese-maker with additional €3.5 Mln funding

The European Bank for Reconstruction and Development (EBRD) announced on Tuesday an additional €3.5 million loan to Land’Or Maroc Industries (LMI), a Moroccan subsidiary of Land’Or, a leading Tunisian producer of processed cheese. The new financing will enable LMI to purchase and install additional equipment and build a storage extension at its new cheese manufacturing […]

Crown Prince Moulay El Hassan Represents Morocco’s King at Funeral of Jacques Chirac

Morocco’s Crown Prince Moulay El Hassan represented, on Monday in Paris, King Mohammed VI at the official funeral service of former President Jacques Chirac, who passed away last Thursday at the age of 86. The Crown Prince joined at the Saint-Sulpice Church more than 30 world leaders and hundreds of mourners who came to pay […]