Algeria continues to face important challenges posed by lower oil prices, says the International Monetary Fund Executive Board after concluding Article IV consultation with the North African country. Economic growth in the nonhydrocarbon sector slowed to 2.9 percent in 2016, partly under the effects of spending cuts. Inflation increased from 4.8 percent in 2015 to […]
A group of U.S. State Attorneys General, who visited Morocco recently, said they witnessed “the popularity of King Mohammed VI and the effects of his wise, progressive leadership” on the country’s socioeconomic development and on regional influence. Since his accession to the throne in 1999, the Monarch has embraced technological advances to modernize the nation […]
Industry minister Ryad Mezzour expects the production capacity of Morocco’s automotive sector to increase to 1.5 million cars by 2026. “We will hit the 1 million car milestone next year as Stellatis doubles its production capacity,” Mezzour told Medias24 in an interview. By 2026, Morocco would be able to double its current production capacity to […]
