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Tunisia: Government hints implementation of subsidy reduction

Reduction of subsidies for basic materials is underway in Tunisia although the government is being mindful to incite protests.  An economic dialogue has been organized to ease its implementation but some opposition parties have decided to boycott it. The government believes that cutting subsidies is necessary to reduce the budget deficit. Trade Minister Najla Harouch […]

Algeria’s crude prices drop below production cost

Algeria’s crude oil, Saharan blend, dropped below production costs and is now sold at a loss at $11.72 per barrel boding ill for the country’s struggling finances. Oil prices have plunged across the globe due to shortage of demand as the lockdown reduced economic activity worldwide. Analysts expect oil prices to remain at their lowest […]

Morocco counts on domestic know-how for post-covid-19 economic recovery

Morocco Thursday unveiled its post-covid-19 economy recovery plan and has made reliance on domestic know-how as a cornerstone of the three-year plan (2021-2023). Moulay Hafid Elalamy, minister of industry, trade and digital and green economy, who was presenting the plan to the Moroccan employers’ union, the CGEM, indicated that the global pandemic, which has decimated […]