musée YSL

AMF grants Morocco $127 Million Loan

The Arab Monetary Fund has granted Morocco a $127 million loan to provide financial resources to meet the country’s needs amid the global COVID-19 crisis, the Arab financial institution announced this Wednesday in a statement. The loan agreement was signed earlier this month by Morocco’s Economy and Finance Minister Mohamed Benchaaboun and the General manager […]

Algeria Secures Italian Supply Deal as Foreign Exchange Reserves Dwindle

Algeria which has suffered a sharp decrease in oil revenues is seeking desperately to fill in its coffers with an Italian supply deal. The country’s state-owned Sonatrach and Italy’s energy company, Eni, inked a deal to supply Italy with 10 billion cubic meters of natural gas annually. The gas will be channeled through the Transmed […]

Algeria: Former Premier warns of further troubled period due to current status quo

Former Algerian Premier Mouloud Hamrouche Saturday said he feared more for Algeria given the current status quo at the top of the country’s leadership which is unable to formulate suitable solutions to the economic crisis adding that the country needs a “clear national will” in order to recover from the current turmoil. Harmouche was speaking […]