First Independent Mena Newspaper
A court in Lebanon has issued an arrest warrant against Chief of local Algerian oil company Sonatrach after the company has been accused of selling adulterated fuel and of corruption. Judge Nicolas Mansour, prosecutor of Mont-Liban court of appeal ordered the arrest of Tarek Faoual and several employees of Sonatrach Petroleum (SPC), a subsidiary of […]
The Tunisian Foreign Investment Promotion Agency, FIPA-Tunisia, said foreign direct investments in the North African country during the first three months of this year, have dropped by 24 per cent compared with last year first quarter (Q1). The institution, in its Q1 2020 report, said Tunisia attracted $162 million (MD461.7 million). Energy, industry and agriculture […]
The EU promised to remove Morocco from the tax haven grey list after commending the reforms undertaken by the country to improve financial transparency and fight tax evasion. An EU special committee has announced that the steps taken by Morocco to bring its tax system concerning free zones in line with European standards will lead […]
Algeria’s warmonger leadership launched live fire military exercises near Morocco’s Sahara borders in a move that adds to a series of provocations showing the inherent hostility of the Algerian regime to Morocco. At a time the country’s finances are hit by the fall in oil prices amid the coronavirus outbreak, the Algerian army has geared […]
Morocco has reiterated its condemnation of Algeria’s support for the separatist Polisario militia as a regional destabilization act. “A Neighboring country continues to fuel separatism and to divert the resources of its people to fund regional destabilization acts,” Foreign Minister Nasser Bourita said via videoconference at the summit of the Non Aligned Movement contact group. […]
Morocco reiterated its call on the members of the Non Aligned Movement to promote multilateralism particularly at a context humanity is struggling against the coronavirus pandemic. The call was launched by Foreign Minister Nasser Bourita when addressing, via videoconference, the summit of the Non Aligned Movement contact group. Bourita recalled the contents of an […]
The French Development Agency (AFD) has lent lately Morocco €100 million to enhance the performance of local councils, boost local socioeconomic development and improve community public service. The agency’s funding comes after the World Bank financial contribution of €272 million provided last year to strengthen the capacities of Morocco’s municipalities, an objective that is part […]
In Cape Town, a clinical trial began on Monday to test the possible beneficial effects on COVID-19 of the BCG vaccine, prescribed to protect against tuberculosis. “Some observations suggest that BCG has effects on the immune system that we don’t yet fully understand, such as strengthening it against respiratory infections,” Professor Andreas Diacon, head of […]
The Casablanca Police foiled on Monday an attempt to smuggle 7,228 tons of cannabis from Morocco to overseas and arrested three people involved in this drug operation. The drug haul was found in a truck bearing false registration plates. Tailed by the police, the lorry, which was carrying 220 cannabis bales, crossed several cities and […]
Algeria’s state-run oil company Sonatrach and Russia’s Lukoil on Monday signed a Memorandum of Understanding (MoU) covering many cooperation areas including joint investment and production at home and abroad. Sonatrach said the agreement will enable both sides to identify joint investments in oil exploration and production in the North African country after the adoption of […]