Finance Headlines Morocco

Morocco’s CFC, Leading Financial Center in Africa, GFCI ranking

Casablanca Finance City has outstripped Johannesburg and Mauritius to become the leading financial center in Africa as it topped the continent’s ranking established by the Global Financial Centers Index (GFCI.) At the global level, CFC stands on the 33rd position of the ranking established by GFCI which ranks financial centers according to one main criteria: […]

Headlines Morocco

“IS Could Wage Toxic Jihad against UK & Europe,” Morocco’s Counter-Terrorism Chief

IS militants could assault UK and Europe with lethal gas as the group is now able to make chemical and biological weapons, head of Morocco’s counter-terrorism department told UK Sun magazine early this week. Speaking from his office at Morocco’s Bureau Central d’Investigations Judiciares (BCIJ) also dubbed Morocco’s FBI, Abdelhak Khiame told The Sun that […]

Headlines Libya

Libya: Tripoli Unrecognized Administration Steps Aside, GNA Gains Currency

Tripoli-based and Islamist-backed government announced Tuesday it was ceding power “in the high national interest” in a move to avoid bloodshed, leaving Serraj-led unity government to fully expand its control in the Libyan capital. “We inform you that we are ceasing the activities entrusted to us as an executive power,” said a statement by the […]

Egypt Headlines

Obama Administration Mulling to Pull out Troops from Sinai

US troops stationed in the north-eastern part of Egypt’s Sinai as part of international forces to monitor border between Egypt and Israel may be removed as Washington fears the growing threat of terrorism in the Egyptian restive peninsula, reports say. The Obama Administration is reportedly considering moving its 707 troops from El-Gorah camp, near the […]

Headlines Morocco

Morocco Teams Up with UNESCO to Boost ESD

Mohammed VI Foundation for Environment Protection and UNESCO have agreed to enhance cooperation in the field of Education for Sustainable Development (ESD,) a program which enables people to acquire the necessary knowledge and skills for a better sustainable future. Princess Lalla Hasnaa, the Moroccan King’s youngest sister and Chairwoman of the Mohammed VI Foundation for […]

Headlines Morocco

Morocco, Russia Boosting Anti-Terrorism Cooperation

Head of Morocco’s internal intelligence service, Abdellatif Hammouchi, who is also Chief of the General Directorate of National Security (DGSN,) is visiting Moscow to seal bilateral collaboration in the fight against terrorism. The visit is taking place less than a month following the official visit King Mohammed VI paid to Moscow mid-March. Morocco and Russia […]

Algeria Headlines

Algeria: Four Alleged Terrorists Killed near Tunisian Border

Algerian Defense Ministry Monday announced its forces killed four Islamists and seized weapons and ammunition in El-Oued, near the Tunisian border. The four terrorists were killed by a detachment of the army in Bir El-Kasira area of El-Oued in the desert near the Tunisian border, said the Defense Ministry in a statement published on its […]

Headlines Libya

Libya: GNA Moves to Control Purse Strings

Libya’s unity government yet to be approved issued Monday a decree freezing all state and institutions bank accounts expect for accounts for state salaries. The decree followed a meeting between the Presidency Council, the Central Bank of Libya (CBL,) the Audit Bureau and major banks in an attempt to discuss the urgent financial and economic […]

Algeria Finance Headlines

Algeria: Social Model Unsustainable, Former Official

Algeria’s “social model” known for its significant subsidy program is “unsustainable even if oil prices go up because we have a problem of price but also a problem of volume.” The statement was made by Abdelatif Benachenhou, former finance minister and economic adviser to President Abdealziz Bouteflika, who said that the state spends around $45billion […]

Headlines Morocco

Morocco Flatly Rejects any Change of UN Role in Sahara Issue

Morocco flatly rejects any change or modification of the nature of the United Nations’ role in the handling of the Sahara issue and any plots seeking to bury the autonomy plan which could, as recognized by many world powers, fulfil the aspirations of the people in the Western Sahara to run their own affairs in […]