Tanger Med

Algeria unhappy with Security Council Resolution on Sahara

Algeria expressed its resentment about the recent UN Security Council resolution on the Sahara which confirmed Algiers’ role in the conflict. Resolution 2494 extends the mandate of the UN mission in the Sahara MINURSO by another year breaking away with a short interruption in which its mandate was only renewed by six months under pressure […]

French Axens to launch new refinery in Nigeria

France’s largest hydrocarbons group Axens and the Nigerian conglomerate BUA signed a partnership contract on Tuesday in Paris to carry out the first stage of a refinery project which will be located in Akwa Ibom State, in south-eastern Nigeria. Nigeria, the continent’s leading crude oil producer but which imports almost all of its fuel, seeks […]

Remittances, tourism receipts to hit record in 2026- Morocco’s central bank says

Two key sources of Morocco’s inflow of hard currency, remittances from Moroccans abroad and tourism receipts are heading towards another record in 2026 at 123 billion dirhams ($12.8 bln) and 125 billion dirhams ($13 bln) respectively, the central bank said. This improvement would help offset the deepening trade deficit due to higher imports of equipment […]