Tunisia’s foreign exchange reserves down 3%

Cash-strapped Tunisia reported a 3% decrease in its foreign exchange reserves to 22.9 dinars ($ 7.5 bln), enough to cover 99 days of imports, as the country struggles to access foreign debt amid a biting social and economic crisis. The decline follows the government’s $1 billion Eurobond repayment in February, reducing import coverage. The government […]

Over 2.7 million people attend Rabat’s Mawazine festival

They were some 2.7 million music-lovers who attended concerts by national and international artists during Rabat’s Mawazine festival, the leading music festival in Morocco and Africa. At a time where the North African region is plagued by unrest and violence, Morocco stands as an exception offering an atmosphere where tens of thousands gather to celebrate […]

Turkey begins first nuclear power plant construction

The ceremony for the launching of the construction of Turkey’s first nuclear power plant was held on Tuesday and Energy Minister Taner Yildiz hailed the importance of the multimillion dollar project saying that “development cannot happen in a country without nuclear energy.” The plant will be built in Akkuyu in Mersin province on the shores […]