Algeria Business Headlines

Does Algeria still have cash to buy social peace?

The Algerian military regime which has been ruling behind a thin civilian curtain has long used its gas and oil money to buy social peace and quell dissent. But, with the fall in oil prices and the depletion of state coffers, Algerian citizens felt the pain of a dwindling purchasing power which augurs ill for […]

Headlines Tunisia

Tunisia: Protests erupt against President’s power grab

Two months after he sacked the prime minister, suspended the parliament and assumed all executive powers, Tunisia’s President Kais Said faced street anger as a protest hit Tunis on Sunday demanding his step-down. Last week, he published a decree giving him executive powers, in a move his opponent described as a return to authoritarian rule […]

Americas Headlines International Maghreb Morocco

Morocco’s FAR are regional leaders in fight against CBRN threats – US Diplomats

Morocco’s Royal Armed Forces (FAR) are now regional leaders in the fight against Chemical, Biological, Radiological and Nuclear (CBRN) threats, said Monday in Kenitra, U.S. diplomats, recognizing the professionalism of the CBRN Intervention Company under the Rescue and Salvage Unit (USS) of FAR as “full mission-capable”. FAR USS CBRN Response Company in Kenitra stood out […]

Egypt Energy Headlines

Egypt to host of 8th IEF-IGU Ministerial Gas Forum in 2022

Egypt will host the 8th edition of the Ministerial Gas Forum co-organized by the International Energy Forum (IEF) and the International Gas Union (IGU) in 2022, it was announced last week. The forum on natural gas, expected to take place during the second half of 2022, will focus on the global economic recovery after the […]

Energy Europe Headlines International Morocco

Construction of a 3,800 km cable between Morocco and the UK taking shape

A 10.5 GW solar and wind power plant will be built in the Guelmim-Oued Noun region to supply the UK with clean energy via a 3,800 km long submarine cable, scheduled to be laid in 2025. The project, to be developed by the British company Xlinks, provides for the building of an energy complex with […]

Business Finance Headlines Morocco

Morocco’s central bank buys back excess hard currency in local forex market

Morocco’s central bank has bought $471 million of excess foreign currency from the local market to absorb excess and ensure the good functioning of the market. The central bank said in a statement that it will maintain hard currency auctions as long as necessary depending on the evolution of the foreign exchange market. In recent […]

Headlines Morocco

Morocco forges ahead with children vaccination

Over 1.78 million pupils received their first dose by Sept. 24 and 206,700 have been fully vaccinated with Pfizer and Sinopharm jabs which the government opted for to bolster collective immunity. The start of the school year was delayed until Oct. 1 until children aged 12-17 have been vaccinated as Morocco maintains leadership in Africa […]

Energy Headlines Morocco

Morocco’s policy for modern, sustainable, reliable energy highlighted at High-level Dialogue on Energy

Morocco’s inventive policy for a modern, sustainable and reliable energy and its irreversible choices in terms of energy transition were highlighted at the High-level Dialogue on Energy held Friday by videoconference on the sidelines of the 76th Session of the United Nations General Assembly.   Addressing the gathering, Foreign Minister Nasser Bourita pointed out that […]

Africa Business Headlines International Morocco

Morocco, 2nd best place for investment in Africa – Rand Merchant Bank

The South African Rand Merchant Bank (RMB), in its latest “Where to invest in Africa” report, identifies Morocco as the second country on the continent with best investment-attractiveness thanks to its stability. The author of the report, RMB Africa Economist Daniel Kavishe indicated that Morocco’s economy continues to benefit from political stability. He also highlighted […]

Africa Headlines International Morocco Tunisia

Morocco, 4th African country where innovation thrives

The kingdom of Morocco is ranked 4th African country on Global Innovation Index 2021 (GII2021) of the World Intellectual Property Organization (WIPO) that captures the innovation ecosystem performance of 132 economies, and tracks the most recent global innovation trends. Globally, Morocco ranks 77th, a poorer performance in comparison with the previous year’s ranking of 75th. […]