EBRD

Algeria Tries Desperately to Emulate Morocco Success in Africa & Solar Energy

After the breakthrough made by Morocco in Africa, neighboring rival Algeria tries to no avail to follow suit, by announcing a $ 360 million investment in Ethiopia, a risky move that will likely deepen further the country’s budget deficit already worsening since the fall of oil prices. The Algerian private group Cevital said Tuesday that […]

Israel: Netanyahu’s call for Palestinian talks criticized

Netanyahu wants a new round of peace talks with Palestine to begin after holding talks with EU foreign policy chief Federica Mogherini. A source told local Israeli newspaper Haaretz that Netanyahu thinks that the negotiations are necessary because “it’s clear there are areas that will remain under Israeli control under any agreement, just as it’s […]

Morocco’s economy to contract by 1.8% in the second quarter

Morocco’s gross domestic product is set to recede in the second quarter by 1.8% as the coronavirus and the measures relating to it halted most of services and hit sectors that are vital to foreign currency revenues, the high commission for planning HCP said. The economy is expected to grow only by 1.1% in the […]