King Mohammed VI wearing a facemask

Casablanca, Second African City with Most Billionaires

Morocco’s economic capital, Casablanca, has been ranked second African city to house the largest number of billionaires by Forbes Africa Magazine in its 2017 ranking of African billionaires. The city comes right behind the Kenyan capital Nairobi, which has toppled the South African capital Johannesburg. Casablanca, according to the famous magazine, is home to 5,000 […]

Algeria: Interim President to stay till new elections

After the Algerian Constitutional Council last week scrapped July 4 elections, Caretaker President Abdelkader Bensalah said he would lead the country until new Presidential elections are held. “This situation therefore forces me to continue playing the role of Head of the State till the election of a President of the Republic, and I am fully […]

Algeria: new oil discovery

The first phase of the drilling campaign of Hassi Bir Rekaiz perimeter, carried out by the National hydrocarbon company Sonatrach in partnership with Thai company PTTEP and Chinese CNOOC, resulted in oil discovery in three wells, in a statement released by Sonatrach. Nine wells were drilled by the three companies at the Hassi Bir Rekaiz […]