Mosquée Sebta

Algeria: Lower house approves Investment bill limiting 49:51 rule

The People’s Assembly, Algeria’s lower house of parliament, adopted the 37 amendments of the bill on the promotion of investment and limited the controversial and strongly criticized 49:51 investment rule to “strategic sectors” only. The amendments were proposed by the committee of economic, development, industry, trade and planning affairs of the Assembly. The minister of […]

Top UN official underscores Morocco’s leadership in fight against terror

Under-Secretary-General of the United Nations Counter-Terrorism Office (UNOCT), Vladimir Voronkov, said Morocco is a leader in the fight against terrorism thanks to its efforts at home, in Africa and globally. The UN official made the statement at the signing ceremony of an agreement on the setting up of a UNOCT Africa office in Morocco to […]

IFC to Expand Infrastructure Investment in Morocco, Tunisia

The International Finance Corporation (IFC), the World Bank’s private sector arm, said it plans to invest $373 million in Maghreb nations, mostly in Morocco and Tunisia as the two nations cut spending to reduce budget deficits. IFC investments in the region are designed to help the two North African governments form private-public partnerships to help […]