First Independent Mena Newspaper
Algeria is reportedly seeking a $3 billion loan from the Islamic Development Bank (IsDB) to finance a major railway infrastructure project. The loan is still pending approval by the bank’s governing board, which includes key stakeholders such as Saudi Arabia and the United Arab Emirates, countries whose diplomatic ties with Algeria have been strained in […]
The Moroccan parliament has adopted a decree allowing the government to resort to unlimited foreign borrowing in order to ensure enough international reserves to fuel the economy. Morocco’s trade balance has been chronically suffering from a trade deficit that has deepened in the first quarter this year due to falling exports as a consequence of […]