Finance Headlines Morocco

Post-Covid: Moroccan CIH bank gets €40 Mln EBRD loan to support local businesses

The European Bank for Reconstruction and Development (EBRD) approved on Tuesday a €40 million loan package to Moroccan bank “Crédit Immobilier et Hôtelier” to enable it enhance the resilience of local trade and businesses affected by covid-19 pandemic. Under the agreement sealed by the two parties, the EBRD will provide a €20 million loan to […]

Headlines Mauritania

Mauritania: New cabinet lineup unveiled

Mauritania Monday unveiled the new cabinet lineup marked by the exit all former ministers who served under ex-President Mohamed Ould Abdelaziz and who are suspected in an investigation into the 11 years of rule of the former leader. President Mohamed Ould Cheikh El Ghazouani last week appointed Mohamed Ould Bilal Prime Minister and tasked him […]

Europe Headlines International Tunisia

Italy kick starts expulsion of Tunisian migrants

Italy began on Monday August 10 the expulsion of Tunisian citizens deemed illegal at the time waves of migrants from the North African country still arrive to the shores of the European Union (UE) member. The information, announced last week by Italian foreign minister Luigi Di Maio, was confirmed Monday by Nahd Jendoubi, member of […]

Features Headlines Libya

Libya: Discussions between the head of the Tobruk Parliament and U.S. ambassador

Aguila Saleh, the head of the Libyan Parliament based in Tobruk, was in Cairo on Monday 10 August. In addition to his Egyptian meetings, he met several European ambassadors, as well as Richard Norland, the US ambassador to Libya. Washington recently launched a proposal for a return to political discussions among Libyans. It consists of […]

Americas Business Headlines International Morocco

Canada’s Aya Company to expand Moroccan silver mine of Zgounder

Canadian mining company Aya Gold & Silver has launched lately the feasibility study for the expansion of the Moroccan Zgounder Silver Mine, near Ouarzazate. AYA says the expansion of its operations in the Moroccan mine will help the company increase its production targeting 2,000tpd. “The strong silver fundamentals as well as our planned drilling exploration […]

Headlines Morocco

Morocco foils illegal migration attempt in El Jadida, arrests two smugglers

Morocco’s police foiled on Monday an illegal migration operation in the Atlantic coastal city of El Jadida and arrested two smugglers of people aged respectively 38 and 39. The two smugglers were housing 35 illegal migrants, including a 15-year-old minor, in a local popular district as they were preparing their illegal migration operation from the […]

Algeria Headlines

Algeria: TV5 correspondent Khaled Drareni handed heavy prison sentence

An Algerian court this Monday sentenced French TV5 correspondent Khaled Drareni to three years in prison, TSA reports citing the defense lawyer. Drareni, 40, who is also correspondent of Reporters without Borders (RSF) in the North African country, has been in detention since March for covering “Hirak”, the popular demonstrations against the Algerian regime.   […]

Asia Finance Headlines International

Beirut blast: €250 million pledged for Lebanon at donors conference

Lebanon Sunday garnered €250 million ($294.5 million) in pledges at a virtual international conference of donors, led by France’s President Emmanuel Macron. The conference was meant to help the Middle East country cope with the aftermath of last week deadly explosions at Beirut port. The conference was attended by a dozen of world leaders who, […]

Algeria Editorials Energy Headlines Opinions

Algeria’s gas exports to shrink to 26 billion cubic meters per year

Algeria’s finances face dim prospects triggered by a sharp drop in its key source of revenue, gas exports, which are expected to drop from 45 billion cubic meters in 2020 to 26 billion in 2025. The figure was unveiled by energy minister Abdelmadjid Attar who was speaking to local media. He said the decline is […]

Americas Headlines International Morocco

Morocco: Boxer Youssef Zalal wins a string of victories at the UFC

Moroccan boxer Youssef Zalal defeated American Peter Barrett by unanimous decision of the judges on August 8, 2020 in Las Vegas, at an event organized by the Ultimate Fighting Championship (UFC), the most powerful mixed martial arts (MMA) league in the world. The man, 23, nicknamed the “Moroccan Devil”, continues his remarkable debut at the […]