Sound-Energy-Tendrara

Moroccan Economy Posts 4.6% Growth in 2017

Moroccan economy grew by 4.6% in 2017 compared to 1.2% in 2016 on the backdrop of an improvement of the indicators of the agricultural sector. Abundant rainfall boosted the agricultural value added to 15.4% in the first three quarters of 2017 compared to -12.5% the same period in 2016, Economy and Finance Minister Mohamed Boussaid […]

Morocco closes neighborhoods in Casablanca to fight coronavirus

Authorities closed a number of neighborhoods in Hay Mohammedi district in Casablanca to better fight the coronavirus outbreak as active cases in the economic capital exceeded 2000. Casablanca and seven other cities have been locked with entries and exists allowed on special permits only. The exodus from big cities to smaller towns during the Eid […]

Algeria’s crude prices drop below production cost

Algeria’s crude oil, Saharan blend, dropped below production costs and is now sold at a loss at $11.72 per barrel boding ill for the country’s struggling finances. Oil prices have plunged across the globe due to shortage of demand as the lockdown reduced economic activity worldwide. Analysts expect oil prices to remain at their lowest […]