Over 10,000 Algerians Sought Asylum in Europe in 2017 – Eurosat

The number of Algerians who sought political asylum in Europe in the year 2017 reached 10,000, data from Eurostat, a European statistical agency, showed. According to Eurosat, the 28 countries of the European Union have registered over 750,000 asylum applications in 2017, a decrease from 2015 and 2016 figures, when applicants numbered 1,323,000 and 1,260,000 […]

Algeria: Dinar falls to historic record low

Algeria is trying to balance its finances as its economy continues to struggle due to the low global oil and gas prices that are affecting countries heavily dependent on such revenues. A source close to the North African country’s Central Bank hinted that the authorities at the bank let the Algerian dinar to depreciate against […]

Chinese automotive supplier Tianyouwei installs in Morocco with $76 Mln investment

Tianyouwei, a Chinese producer of automotive instrument panels and smart cockpit solutions, has decided to invest $76 million in its new production site in Morocco. The new plant will produce electronic dashboards and all in-vehicle electronic components destined for the European market. The Chinese company said the establishment of a manufacturing site in Morocco represents […]