Algeria’s Foreign Exchange Reserves to Shrink to $85 bln by end of 2018

The Algerian government has started to feel the heat of the falling oil and gas revenues, as the country’s foreign exchange reserves are expected to further drop to $85 billion at best, barely enough to cover 18 months of imports. The figure was recently announced by Algeria’s finance minister Abderrahmane Raouya who told MPs that […]

Mauritania, Kuwait poised to bolster their cooperation

Mauritania and Kuwait are poised to bolster their cooperation in environment, communication and culture. To this end, the two countries signed agreements on these sectors Tuesday as President Mohamed Ould Abdelaziz was paying a state visit to the Gulf country. The Mauritanian leader, who left Kuwait City this Wednesday, met with Kuwaiti ruler Sabah Al-Ahmad […]

Morocco joins efforts with U.S. for Volubilis mosaics restoration

The restoration project of historic mosaics of the archeological site of Volubilis, an ancient Roman city near Meknes, a UNESCO World Heritage Site, was launched Wednesday in presence of minister of culture Mohamed Mehdi Bensaid and U.S. Chargé d’Affaires, David Greene. Supported by the U.S., the $189,000 project will be carried out by Ifker Association […]