Algeria’s foreign exchange reserves plummeted by half in the first quarter of 2015 due to the fall in global crude oil prices, the country’s central bank said. The forex reserves went down by $ 19.02 billion to $159.9 billion in the first quarter of 2015, Algerian central bank added, noting that the sales of hydrocarbons […]
Moroccan security services have announced this weekend the seizure of over 13.7 tons of cannabis at the Tangier-Med port. The drugs were concealed in a semi-trailer truck registered in Morocco. An investigation was opened by the police for the arrest and trial of all those involved in this major drug trafficking operation. Last December, Moroccan […]
Morocco’s tourism promotion office (ONMT) is planning to encourage domestic tourism to compensate for losses due to the global impact of the coronavirus on international tourist arrivals. Prospects for a return to normalcy in the tourism sector before 2021 are bleak, said l’Economiste daily citing the office. “Hopes are therefore pinned on domestic demand as […]
