Africa Features Headlines International

U.S pledges $380m in humanitarian aid for Africa

The United States will provide an additional $380 million in humanitarian assistance for Africa, top diplomat Antony Blinken announced Thursday. “With this funding, the United States has provided more than $4 billion in humanitarian assistance this fiscal year to respond to the needs of refugees, internally displaced persons, and people affected by conflict and crisis […]

Columns Europe Headlines International Morocco Opinions

French President downplays crisis with Morocco

In his first comment on the frost between Morocco and France, President Macron boiled the issue down into a mere “controversy”, a statement that failed to convince the political class in Rabat. Speaking publicly on France’s African strategy, Macron spoke about what he described as “friendly” ties with his majesty but denied any involvement of […]

Africa Headlines International Maghreb Morocco

Morocco: King Mohammed VI Delivers a Speech to the Nation on Throne Day

King Mohammed VI on Saturday delivered a speech to the Nation on the occasion of the 23rd anniversary of the Sovereign’s accession to the throne of his glorious ancestors. Here follows the full text of the royal speech: “Praise be to God, May peace and blessings be upon the Prophet, His Kith and Kin Dear […]

Headlines Morocco

Germany’s Bundesrat Refuses to Categorize Morocco, Algeria & Tunisia as ‘Safe Countries’

The Bundesrat, the upper house of the German Parliament, has refused to classify Morocco, Algeria and Tunisia as “safe countries of origin”, which entails that migrants from the three Maghreb countries cannot be deported. The UK paper, the Daily Express, reported that Thomas de Mazière described the Bundesrat decision as “incomprehensible” after the lower parliament […]

Headlines Libya

Libya: GNA Approved, World Hails the Move

The Presidency Council (PC) based in Tunisia and formed under the Libya Political Agreement announced that the majority of the lawmakers at the Tobruk-based parliament signed a document supporting the Government of National Accord (GNA) giving a “green light to start work.” The council said in a statement that Libya’s Political Dialogue Team (PDT,) a […]

Headlines Libya

Libya: Tunis, UN call for urgent signing of UN-facilitated Dialogue Agreement

Tunisia and the UN once again called on Libyan political protagonists to urgently ink the UN-brokered National Dialogue Agreement in the face of growing instability and the giant strides of the Islamic State in the North African country. Meeting all factions for the first time, Head of the UNSMIL Martin Kobler reminded the protagonists of […]

Algeria Headlines

Algeria: Former Premier warns of further troubled period due to current status quo

Former Algerian Premier Mouloud Hamrouche Saturday said he feared more for Algeria given the current status quo at the top of the country’s leadership which is unable to formulate suitable solutions to the economic crisis adding that the country needs a “clear national will” in order to recover from the current turmoil. Harmouche was speaking […]

Columns Opinions

Subprime Entailed Dismissals or the Chronology of a Crisis

The drop of benefits prompted banks, fast earning mongers, to proceed to a wave of dismissals. In 2011, Barclays already split up with more than 4,400 employees, Crédit Suisse planned to expel 2,000 persons and Lloyds Banking Group, 10,000. The massive suppression of jobs is a trend that has affected the financial world for many […]

Business Finance

The Egyptian pound and foreign currencies

During the inauguration ceremony of the National Initiative for Economic Launch, the Egyptian Prime minister said that there are expectations that some prospective investments can “help reduce the budget deficit” before the end of the year because these investments can go up to LE20 billion. These remarks came after saying that the transfer of funds […]

Headlines Morocco

Morocco moves to institute unemployment benefits

Moroccan authorities, the employers’ association, CGEM, trade unions and the social security fund, CNSS, have finally agreed to institute unemployment benefits to ease the strain of the global financial crisis that is sparing no country. The project to set up such an allowance was first tabled some 12 years ago but several obstacles have so […]