Aigle Azur

Libya: Major crisis at the head of the Central Bank causes the dinar to fall against the dollar

The political deadlock in Libya continues, with the country facing a major crisis following the Libyan Presidential Council’s decision to dismiss Central Bank Governor Al-Siddik al-Kabir over a month ago. The Council’s move to appoint a new Governor and Management Committee has intensified divisions within the country, as this authority lies with Parliament and the […]

Moroccan economy shakes off Covid impact, IMF says

Morocco’s economic activity has recovered most of the ground lost during the severe global recession of 2020 with a growth rate of 6.3% last year and medium-term growth prospects of 3.5%, as the country continues its fiscal and monetary stimulus, the IMF said. Morocco has posted the highest growth rate in the MENA region in […]

Water, next episode in Algeria’s “blame Morocco” game

Blaming Morocco for self-inflicted troubles has become a national sports among members of the Algerian regime. This time, an obscure Algerian Minister Taha Derbal has accused Morocco of drying up Algeria’s west, where nearly 1.7 million have suffered days of water outages. Algeria has pinned the blame on Morocco previously for climate-induced wild fires, shortages […]