Tunisians are regularly confronted with shortages of basic commodities, and this time they’re faced with a new shortage of subsidized bread, an indispensable staple in the daily lives of this North African people. Endless queues and empty bakery stalls – this situation has persisted for weeks, to the great displeasure of a large fringe of […]
Algeria’s oil and gas revenues will be reduced by $10 bln to $23 billion as the country struggles with a surge in spending in a heavily subsidized economy. Algerian officials rang the alarm bell as to the deteriorating financial indicators as a result of dwindling energy revenues which represent more than 90% of exports. To […]
The Moroccan retirement pensions fund, Régime Collectif d’Allocation de Retraite, (RCAR) has acquired 16,229,447 shares of Maroc Telecom, which has floated 8 per cent of the company’s shares. The operation took place on June 17. RCAR with this acquisition has increased its share in the company to 5.81 per cent, the Moroccan Capital Market Authority […]
