Bank for International Settlements BIS

ECOWAS materializes support for Morocco-Nigeria gas pipeline

ECOWAS has brought its support for the Morocco-gas pipeline with the signing of a Memorandum of Understanding to speed up the achievement of this structural project that will help meet West Africa’s energy needs and offer an infrastructure for exporting West African gas. The memorandum of understanding was signed in Rabat this Thursday by head […]

Morocco/Earthquake: OPEC Fund donates $500,000 to support relief efforts

The OPEC Fund for International Development has announced a $500,000 grant to support Morocco’s humanitarian relief efforts following the devastating earthquake that struck Morocco on September 8, 2023. The 7.2-magnitue earthquake has caused serious material damage and claimed nearly 3,000 lives, making it the deadliest quake to hit the North African Kingdom in decades. In […]

Algeria: Military Expenditures Hit $9.37 bln in 2015- US State Department

Algeria has earmarked $9.37 billion to military expenditures in 2015, the US Department of State said in its 2017 World Military Expenditures and Arms Transfers report. The report notes that Algeria slashed military spending in 2015, compared to $11 billion in 2014 and $9.89 billion in 2013. Cash-strapped Algeria, which faces an impending depletion of […]