Algeria’s FX Reserves Tumble 50 pc in Q1 2015 Raising Social Concerns

Algeria’s foreign exchange reserves plummeted by half in the first quarter of 2015 due to the fall in global crude oil prices, the country’s central bank said. The forex reserves went down by $ 19.02 billion to $159.9 billion in the first quarter of 2015, Algerian central bank added, noting that the sales of hydrocarbons […]

Defense Industry: Morocco to Produce India’s Armored Combat Vehicle

Morocco is developing its defense industry to reduce its dependence on foreign weapons purchases and strengthen its military capabilities to counter threats to its national security. After it adopted the legal frameworks governing military industry clusters and established military industry zones, the North African Kingdom attracted India ‘s “TATA Advanced Systems”, which has become one […]

France’s support for Morocco’s sovereignty over its Sahara is unquestionable, insists Senate Speaker

France’s support for Morocco’s sovereignty over its Sahara is “unquestionable”, Speaker of the French Senate Gérard Larcher said on Monday in Rabat, welcoming the Autonomy Plan proposed by Morocco as a “prospect for building the present and future of this region of the Kingdom.” Following talks with Chairman of the Royal Advisory Council for Saharan […]