Algeria Columns Finance Headlines Opinions

Algeria’s foreign exchange reserves plunge amid drop in oil revenues

Algeria’s public debt rose to 45% of GDP while its foreign exchange reserves continue to shrink on the back of falling oil prices in international market boding ill for the social peace of a country where dissent is growing. Newly appointed Prime Minister Abdelaziz Djerad sounded the alarm bell recently while speaking to MPs about […]

Business Europe Headlines International Maghreb Morocco

Morocco, EU Seek to Develop their Partnership through a Deep & Comprehensive FTA

The European Union and Morocco share the same determination to further develop their economic and trade partnership, notably through a deep and comprehensive free trade agreement.   This shared determination was expressed by European Commissioner for Trade, Phil Hogan, and Moroccan Minister of Industry & Trade Moulay Hafid Elalamy, at a meeting held Friday in […]

Business Egypt Headlines

Egypt to build $228 mln facility to turn rice straw into wood

Egypt will set up a facility to convert rice straw into wood in a bid to limit air pollution resulting from burning the straw. The $228 million plant, located in the Nile Delta’s Beheira Province, will produce 205,000 square meters a year of medium-density fiberboards (MDF), using technologies developed by German engineering firm Siempelkamp. The […]

Africa Business Europe Headlines International Morocco

Air Travel: Code-share Deal Between Royal Air Maroc & British Airways

Morocco’s national airline, Royal Air Maroc, and British Airways have sealed a code-share agreement on the Casablanca-Agadir-London routes operated by the two companies. The deal offers more choices to passengers travelling to London and Marrakesh, says the Moroccan flag-carrier in a press release. Codeshare flights take off on February 20, with RAM due to join […]

Business Editorials Headlines Maghreb Morocco Opinions

Morocco’s King Launches New Strategies for Inclusive Agriculture & Forestry

King Mohammed VI chaired on Thursday in the province of Chtouka Ait Baha, Agadir region, a ceremony setting out new strategies for the development of the sectors of agriculture and forestry to enable the Kingdom take up future socioeconomic and global warming challenges. Speaking during the ceremony, attended by Crown Prince Moulay El Hassan, Minister […]

Business Headlines Maghreb Morocco

Morocco’s King Inaugurates New Platforms to Promote Youths Integration, Nurture their Hope in Future

King Mohammed VI inaugurated on Wednesday in the Souss Massa region new platforms and cultural projects meant to promote youths’ integration in the job market, stimulate their initiative and entrepreneurship spirit, guarantee their better socio-economic integration and nurture their hope in the future.   In the town of Ait Melloul (Inezgane-Aït Melloul prefecture), the Monarch […]

Business Headlines Morocco

Will Morocco Approve Use of Cannabis for Medical Purposes?

Moroccan health and narcotics control authorities are looking into the recommendations of the World Health Organisation (WHO) on cannabis and related substances as well as on the use of cannabis-based medicines. In a letter sent in 2019 to the UN chief, WHO Director General had recommended that cannabis and associated substances, including marijuana, be removed […]

Business Europe Headlines International Morocco

Automotive: French Group Utac Ceram to Set Up Test Center in Morocco

French independent group Utac Ceram, which carries out technical tests required for the approval of vehicles and their equipment, will open a test center in Morocco, according to French business daily leséchos.fr. An agreement will be signed shortly with Moroccan authorities on this center to be operational by mid-2021, added the French news outlet. The […]

Asia Business Headlines International Maghreb Morocco

Morocco, Turkey in Talks for Win-win Trade Deal- Minister

Turkey has accepted to work together with Morocco towards a win-win free trade agreement after Morocco complained about job losses in the textile and retail sectors, trade and industry minister Moulay Hafid Elalamy said. Turkey agreed after a “heated debate” to review the trade agreement, which costs Morocco 1.2 billion dollars in trade deficit, he […]

Americas Business Headlines International Morocco

Morocco Gets Sterile Flies from Argentina to Combat Destructives Pests

To combat Mediterranean fruit fly, one of the world’s most destructive fruit pests, Morocco has placed an order for 440 million sterile Ceratitis capitata from Argentina, according to El Economista business newspaper. The sterile fruit flies will be supplied by the Institute of Agricultural Health and Quality of Mendoza (ISCAMEN). The shipments will start in […]