Moroccan-algerian borders

Algeria’s Sonatrach to lose fuel contract monopoly in Lebanon

Lebanon has decided to diversify its oil suppliers from 2021 after main supplier, Algeria’s Sonatrach, was accused of providing the Middle East country with adulterated fuel. Lebanon Energy Minister Raymond Ghajar told Bloomberg that the Lebanese government has opted to multiply for the next coming three years its fuel suppliers. “We would prefer to have […]

Investment push widens Morocco’s trade deficit

The ongoing development projects in Morocco meant the country had to import more equipment and semi-finished products in 2024, leading to an expansion of the trade deficit by 7.3% at 300 billion dirhams ($30 bln). Imports at $76.1 billion outweighed exports at $43 billion, the foreign exchange regulator said. Morocco’s leading exports were cars and […]

Morocco hosts Libya’s first international economic forum

Morocco hosted the first Libyan economic forum where the UN-backed Government of National Accord seeks a bigger role of the private sector and closer cooperation with Moroccan enterprises. Some 400 participants mostly from Libya gathered in Rabat for the event as Libya struggles to rebuild the country after a devastating civil war. Organizers from the […]