Morocco’s Foreign Exchange Reserves Cover 7 Months of Imports

Morocco’s foreign exchange reserves rose to cover 7 months and 14 days of imports by August up from 6 months and 11 days the same period last year, the Central bank, Bank Al Maghreb said. By the first week of September, Morocco’s foreign exchange reserves stood at 248.9 billion dirhams, that is a 17.7% increase […]

Algeria : sectarian violence in Ghardia

 The oasis town of Ghardia located 600 kilometers south of the capital and dubbed to be a major drug trafficking point is entangled in sectarian violence between the Chaamba community of Arab origin and the Mozabites, a Berber minority group which adheres to the Ibadi faith, an offshoot of Shiite Islam. Recent clashes have left […]

COP22: World leaders meet to discuss implementation of Paris agreement

Around 200 world leaders will discuss on November 15 how to put into action Paris historical agreement targeting containment global temperature rise at less than 2 degrees at time the year 2016 is predicated the hottest year ever. Political leaders from around world have started arriving in Marrakech, Morocco, since Sunday. UN Secretary General Ban […]