Finance Headlines Maghreb Morocco

Covid-19: 4.3 million households to receive financial aid- Finance minister

The Moroccan state will distribute aid to 4.3 million families, headed by workers in the informal sector, as the coronavirus outbreak and the measures to contain it freeze economic activity in multiple sectors pushing millions to temporary unemployment, finance minister Benchaaboun said. During the parliament question time Monday, Benchaaboun said that 2.3 million households have […]

Africa Finance Headlines International

COVID-19: African diaspora’s remittances to drop in 2020

The coronavirus pandemic and its economic consequences in host countries will have a negative impact on migrants’ money transfers to Africa, which are expected to fall sharply in 2020, according to World Bank experts. The COVID-19 pandemic is a blow to the economy of the countries on the African Continent, the experts say. In 2019, […]

Asia Headlines International Libya

Libya: LNA commander withdraws from Skhirat political accord, a coup critics say

The renegade east-based commander of the Libyan National Army, Khalifa Haftar, announced on Monday April 27 his withdrawal from the political agreement concluded in 2015 in Skhirat, Morocco, which had allowed the formation of the Government of National Accord (GNA), currently led by Fayez El Serraj. In a televised speech aired Monday night, Hafter said […]

Headlines Tunisia

FBI pays tribute to Tunisian security force killed in terror attack near US embassy

The Federal Bureau of Investigation, FBI, has paid homage to a Tunisian security force who thwarted in early March terror attack on security checkpoint, in capital Tunis, near the US embassy. In a letter published on website of the US embassy in Tunis, on Monday, the FBI expressed its heartfelt condolences to the family of […]

Headlines International

UN sets up Africa regional knowledge hub to fight COVID-19

As the world grapples with the unprecedented COVID-19 global health crisis, the United Nations is spearheading a digital hub to house information and knowledge resources to assist crucial development system partners in fighting the pandemic in Africa., the UN said in a press release. The virus has caused a global crisis affecting the core of […]

Algeria Asia Energy Headlines International

Algeria’s Lebanon-based Sonatrach subsidiary mired in corruption, adulterated fuel

A court in Lebanon has ordered the arrest of 17 people, including the Chief of Sonatrach Petroleum (SPC), a subsidiary of Algeria’s state-run oil company, on corruption and supply of adulterated fuel charges. Judge Ghada Aoun, prosecutor at Mont-Liban court of appeal, ordered the arrest after state-run Electricity of Lebanon (EDL) lodged early this month […]

Business Europe Finance Headlines International Morocco

EU supports Morocco’s education sector with $150 mln

The EU will offer $150 million in support to Morocco’s education sector in its efforts to promote distance learning which has become vital amid a lockdown to counter the coronavirus outbreak. In this regards, the EU, Morocco’s finance ministry and education ministry signed a deal to help invest the money to promote Morocco’s educational offer, […]

Americas Headlines International Tunisia

FBI pays tribute to Tunisian officer killed in terror attack

The US Federal Bureau of Investigation, FBI, has paid homage to a Tunisian security force who was killed when thwarting, early March, a terror attack on a security checkpoint, near the US embassy, in capital Tunis. In a letter published on the website of the US embassy in Tunis, the FBI expressed its heartfelt condolences […]

Business Europe Headlines International Morocco

Post Covid-19 Crisis: Rabat calls for new cooperation model with EU

Morocco and the European Union discussed on Monday new partnership opportunities in the aftermath of the coronavirus pandemic which has affected global trade and economy. During videoconference talks with the European Commissioner for Competition Margrethe Vestager, Moroccan minister of Industry and Trade Moulay Hafid Elalamy called for “a deep review of the EU- Morocco partnership” […]

Europe Headlines International Morocco

French media echoes Morocco’s pro-active anti-Covid measures

The forward-looking protective measures taken by Morocco to counter the coronavirus outbreak along with the mobilization of the industrial fabric to supply citizens with masks were commended by different French media, which asked Paris government to follow suit. BFM TV pointed to the solidarity campaign and generous contributions of Moroccan companies and citizens to the […]