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Maghreb region lethargy, a fallout of Algerian-Moroccan tensions

The lack of integration characterizing the Maghreb Union is a fallout of Algeria’s perpetuation of tensions with Morocco, although the kingdom has on multiple occasions called on Algeria to open a new page in bilateral relations with a view to bolstering integration in the Maghreb region, underlined Moroccan Foreign Minister Nasser Bourita. In an interview […]

Re-branding the EU-South Mediterranean Relations: What Comprehensive FTAs?

In February 2012, the European Parliament approved proposals to reduce restrictions on agricultural and fisheries exports from Morocco into the EU, and to allow Morocco to participate in EU single market programs (on competitiveness and innovation, customs, transport). A few days later, on 1 March 2012, a free trade area (FTA) in industrial goods was […]

Egypt: Dwindling reserves leading to Pound devaluation

The devaluation of the Egyptian pound seems more and more probable after foreign reserves dropped for the third consecutive month, as shown by the Central Bank data. The foreign reserves have fallen from $20 billion in June to $16 billion in September according to the central bank. The current amount could cover only 3.3 months […]