Tanger Med brings Morocco’s ports capacity to 260 million tons

The extension of Morocco’s Tanger Med port increased the total capacity of Morocco’s 13 ports combined to 260 million tons. The launch of Tanger Med 2 increased the northern port’s capacity to 9 million container from 3.5 million in 2018. The extension was achieved at a total cost of 88 billion dirhams in state funding […]

In a token of friendship, Outgoing French President Hosts Luncheon in Honor of Morocco’s King

Less than a week before he hands over the keys of the Elysée Palace, French President François Hollande hosted Tuesday a luncheon in honor of King Mohammed VI of Morocco. The luncheon at this particular juncture is deemed a powerful token of the long-standing friendship and the multifaceted ties binding the two countries. The luncheon […]

IMF Expresses Concern over Impact of Lower Oil on Algerian Economy

“Algeria continues to face important challenges posed by lower oil prices (…) and growth in the nonhydrocarbon sector slowed under the effects of spending cuts”, says the International Monetary Fund (IMF). Inflation increased from 4.8 pc in 2015 to 6.4 pc in 2016 and stood at 8.1 pc year-on-year in January 2017. As to unemployment, […]