New Guinea Bissau President umaro-sissoco-embalo

Algeria’s Economic Growth Declines to 2.2% in 2017

Algeria’s economic growth dropped to 2.2% in 2017, down from 3.3% in 2016, due to a decline in the performance of the energy sector, the central bank said. The same source noted that inflation dropped to 5.6% instead of 6.4 in 2016, while the balance of payment was reduced by $3 billion to stand at […]

Sahara: Libya, 2nd Arab country to Open Consulate in Laayoune

Libya is believed to be the second Arab country to open shortly a consulate in the Saharan Moroccan city of Laayoune after the United Arab Emirates, dealing another setback to the Polisario and the Algerian regime. According to local Assabah daily, all necessary measures and preparations have been made for the opening of this new […]

EBRD supports Morocco’s automotive sector with €15 Mln funding

The European Bank for Reconstruction and Development (EBRD) has approved a €15 million loan to Moroccan car equipment supplier, Tuyauto, which produces stamped metal components, exhaust systems, and heat shields. The loan is guaranteed by the EU through the European Fund for Sustainable Development Municipal Infrastructure and Industrial Resilience program to support the company’s environmental […]