Corona Maroc 3

Oil Supply to Continue to Outstrip Demand in First Half of 2017- IEA Says

The global oil glut that has taken a toll on the budgets of many oil producing nations will persist into 2017, as oil supply is expected to continue outstripping demand, the International Energy Agency said in a recent report. The report argues that oil markets will take “a while longer” to rebalance in light of […]

Algeria: Court upholds prison sentences against former Prime Ministers charged with corruption

An appeals court in capital Algiers Wednesday confirmed the jail term sentences against former Premiers charged with corruption. Ahmed Ouyahia and Abdelmalek Sellal were sentenced respectively to 15 and 12 years in prison last December after they were charged with misappropriation of public funds, abuse of power and granting undue privileges. Both were Prime Ministers […]

US Guided Missile Cruiser, Royal Navy Take Part in Naval Drills off Agadir

The Ticonderoga-class guided-missile cruiser USS Vella Gulf has taken part in naval drills alongside Morocco’s frigate Sygma Sultan Moulay Ismail on the coast of Agadir, Moroccan media reported. The naval war games took place on the sidelines of a visit by the USS Vella Gulf to Agadir in December. “The visit serves to enhance US-Morocco […]