Arab Renewable Energy Commission

Algeria’s Steel Giant to Be De-Facto Nationalized

The Algerian government has been interested in buying additional 21% shares in the Annaba unit of the steel producing company, ArcelorMittal, for 200 million USD. As the state already owns 30% of the firm, such a transaction would make the Algerian government a de facto majority shareholder and owner of ArcelorMittal. The government reportedly wants […]

Mauritania’s growth to slow in 2025 amid extractive sector slowdown- IMF

Mauritania’s economic growth is projected to decelerate to 4.0% in 2025, down from 5.2% in 2024 and 6.5% in 2023, according to the International Monetary Fund’s (IMF) latest Article IV consultation. The slowdown is attributed primarily to a contraction in the extractive sector, which has been a key driver of recent growth. While the economy […]

French L’Équipe removes false AFCON story about Morocco without apology

French sports newspaper L’Équipe is under criticism after publishing – then quietly deleting – a false claim about Morocco’s national football team’s historic Africa Cup of Nations performance. The outlet had repeated an allegation that Morocco walked off the pitch during the decisive match of the 1976 AFCON, a claim used online to draw parallels […]