ministers council

Protecting EU Borders Costs Morocco €250 mln Annually

Spain seems like a forgotten EU border far away from the tragedies of the refugee crisis that ensued the Arab Spring and the influx of migrants and refugees in 2015. When the EU saw over 1 million sea arrivals in 2015, only a few thousands were registered in Spain, thanks to close cooperation with Morocco […]

Algeria: government bond investments

Algeria’s finance Minister, Karim Djoudi, has precised that the country will not be buying shares in foreign companies overseas to increase its foreign exchange reserves. He firmly said that “this choice is not part of our policy of foreign exchange reserve management,” reiterating its strategic choice to invest in government bonds, although with modest yield […]

Rabat, Madrid foil Algeria’s gas blackmail

When Algeria unilaterally cut gas supplies through the Maghreb-Europe gas pipeline in late 2021, it was expecting Morocco to succumb to darkness and electricity cuts. But none of that happened. Instead, a new energy partnership was forged with Spain giving the halted pipeline a new life. Spain received annually 2 million euros from Morocco for […]