Libyan Afriqiyah carrier

Algeria proceeds to urgent spending cuts to delay bankruptcy

Time and money are running out for Algeria as it eats into its foreign reserves trying to avert the inevitable: bankruptcy. The country’s Prime Minister Abdelaziz Djerad has ordered an urgent spending cut to try to offset falling income from oil and gas.     An unexpected rise in spending in 2020 due to the […]

Morocco eyes military gains from restored ties with Israel

Israeli air force commander General Tomer Bar is paying his first official visit to Morocco since the two countries restored ties in 2020, followed by similar visits of top army commanders auguring well for defense cooperation as Rabat seeks state-of-art military technology and investments. The visit features talks with his Moroccan peer General El Abd […]

Algeria : Sonatrach to pump $100billion to boost production

Sonatrach, a state owned energy group, has renewed its efforts towards increasing its production levels in oil and gas with the approval of a $100billion investment plan in the next five years. The production of shale gas before 2020 is also part of their plans. The approval of the plan came ahead of the opening […]