Headlines Maghreb Morocco

Omar Hilale: Polisario Must Understand the world has Changed

The polisario and its mentors must understand that the world has changed and that the era of separatism is bygone, said, on Tuesday in New York, Morocco’s ambassador to the UN Omar Hilale, affirming that autonomy remains the only solution to the Sahara regional conflict. Speaking to journalists at the UN headquarters following the adoption […]

Asia Energy Headlines International Maghreb Tunisia

Qatar’s Nebras Power acquires 60% of Tunisian Energy Company

Nebras Power has announced it acquired 60 per cent of stakes in Tunisia’s Carthage Energy Company making the deal the first expansion of the company into North Africa. The Dutch affiliate of the Doha-based company, Nebras Power Investment Management, completed the acquisition this week as the company makes its first foray into North Africa. The […]

Algeria Headlines Maghreb

Algeria: Military Spending Hits $ 9.6 Bln in 2018

Despite deepening political crisis and growing social woes, the Algerian authorities continued their spree spending on weaponry instead of funding socioeconomic development projects. With a total of $9.6 billion in 2018, Algeria had by far the highest military spending in Africa, says the Stockholm International Peace Research Institute (SIPRI) in latest report. The rich oil-gas […]

Americas Asia Headlines International Maghreb Morocco

USA Welcomes Resolution 2468 on Sahara

The United States has welcomed the adoption on Tuesday by the UN Security Council of Resolution 2468 that renews for six months the MINURSO mandate, and underlined the importance of reaching a “realistic, pragmatic, and sustainable solution” to the Sahara issue through negotiations. At the end of the vote on the resolution Tuesday, Rodney Hunter, […]

Europe Headlines International Maghreb Morocco

France Reiterates Support to Autonomy Plan as a “Serious, Credible Basis” for Negotiations on Sahara

The autonomy plan presented by Morocco is a “serious and credible basis” for negotiations aimed at reaching a final political solution to the Sahara issue, said France on Tuesday. “It is important for the four delegations (Morocco, Algeria, Mauritania and Polisario) to continue their discussions in a constructive spirit of compromise with a view to […]

Algeria Headlines Maghreb Morocco

Sahara: Security Council Lauds New Momentum Given by Geneva Roundtable Meetings

The UN Security Council has lauded the new momentum given by the two roundtable meetings on the Sahara issue, held in Geneva at the initiative of the UN Secretary General’s personal envoy Horst Köhler, and commended Morocco’s serious commitment to the UN political process. In Resolution 2468, adopted Tuesday by 13 votes and 2 abstentions, […]

Algeria Headlines Maghreb Morocco

UN Security Council Extends MINURSO Mandate; Calls for Realism & Compromise

The UN Security Council decided on April 30 to extend the MINURSO mandate for six months, while it once again recognized the credibility of the Morocco-proposed autonomy initiative to settle the Sahara conflict. The Security Council “decides to extend the mandate of the MINURSO until 31 October 2019,” reads the text of resolution 2468. The […]

Finance Headlines Maghreb Morocco

Fitch Solutions Expects Morocco to Hold Interest Rate at 2.25% in 2019

Morocco’s central bank, Bank Al-Maghrib (BAM) will hold its key policy rate at 2.25 pc in 2019 due to subdued inflation and a neutral shift in US Fed policy, says Fitch Solutions in its latest report on the North African Kingdom. In a bid to protect foreign exchange reserves and limit imported inflation, BAM will […]

Europe Headlines International Maghreb Tunisia

Libyan crisis at focus of Italian Premier’s talks in Tunis

The Libyan crisis has been at the focus of talks Italian Premier Giuseppe Conte held on Tuesday in Tunis with President Beji caid Essebssi as well as with his Tunisian peer Youssef Chahed. Giuseppe Conte, who is in Tunisia to take part in the 1st session of the Tunisian-Italian Higher Council of Strategic Partnership, voiced […]

Africa Business Headlines International Maghreb Morocco

South-South Cooperation: Moroccan company wins $97 million contract in Côte D’Ivoire

Agentis, a Moroccan company with proven expertise in the field of health infrastructure and Medical equipment manufacturing, has won a $97 million contract in Côte D’Ivoire to build two regional hospitals. The contract signed last weekend in the West African nation concerns the construction and equipment of two Regional Hospitals in the cities of Aboisso […]