quantum-global

Algeria: Algiers to scale up renewable energy projects

Oxford Business Group (OBG) pointed out that the Algerian government is to raise its renewable energy targets in a bid to reduce its dependence on gas-generated energy and make savings in its energy investments. Algeria, which is challenged by the continuing oil price collapse combined with an increase in energy investments due to growing domestic […]

Morocco’s Central Bank raises rates to 2% to fight inflation

Bank Al-Maghrib, Morocco’s central bank, decided Tuesday to increase its key interest rate by 50 basis points to 2 percent and to continue to monitor closely the economic developments, both nationally and internationally, and in particular, the evolution of inflationary pressures. The decision was made by the Bank’s Board after having analyzed the international economic […]

Controversial Cleric’s invitation to visit Morocco sparks harsh criticism

The invitation extended by a Moroccan association to a controversial Islamic scholar from Saudi Arabia to visit Morocco has caused concerns amongst different organizations, thinkers, analysts and large layers of society over his anti-Shia, anti-Sufi and extremist stances. The infamous cleric, Mohammad al-Arifi, was also unwelcome because of his repeated calls for jihad, holy war, […]