Algeria Business Europe Headlines International

French Lactalis threatens to pull out of Algeria as workers still block operations

French dairy Lactalis Corporation has threatened to end operating in Algeria as it fusses about obstruction of its activities in the North African country by a group of workers who have closed the factory over what the firm calls “personal interests”. The small group of workers has unlawfully seized the factory and prevented other colleagues […]

Business Europe Headlines International Morocco

PSA to step up production to 200,000 cars annually in Morocco plant

French carmaker PSA plans to speed up production at its Kenitra plant to hit the annual target of 200,000 vehicles by next September. PSA has withstood the coronavirus crisis posting sales higher than last year and taking up 46% market share in the region. Sales improved in key markets such as Turkey by 5.4%; 3.9% […]

Algeria Europe Headlines International

COVID-19: France closes borders to Algerians

France Thursday announced that residents in Algeria are banned from entering the French territory as part of the prevention against covid-19 pandemic that is fast spreading in the North African country. The European Union last week issued a list of non-European countries whose residents can enter the Schengen area as the 27-country bloc reopened its […]

Asia Headlines International Libya

Turkey prepares naval drills off Libyan coast, a show of force amid tensions with France

The Turkish Ministry of National Defense will soon carry out large-call naval exercises off the Libyan coast to prove ability to control the region by air and sea, amid tensions with France over the oil-rich African country. The maneuvers dubbed “Naftex” will take place in three different regions: Barbaros, Turgutreis and Chaka Bey, Middle East […]

Europe Headlines International Morocco Portrait Profile

Who is Nadia Hai, new French Minister of Moroccan origins

Nadia Hai who was named Minister of Territorial Cohesion and Relations with Local Authorities in the newly invested French government has carved a brilliant career successfully shifting from Finance after standing out in politics. She was raised along with her three siblings by her working class father and stay-at-home mom both of Moroccan descent from […]

Europe Finance Headlines International Morocco

French AFD supports development of Moroccan ports with a €100 million loan

The French Development Agency (AFD) will extend the Moroccan National Ports Agency (ANP) a loan worth €100 million loan (MAD 1.1 billion) destined to improve the competitiveness of Moroccan ports. The loan agreement was signed Thursday in Rabat in the presence of French ambassador to Morocco, Helene Le Gal. The two sides, which also signed […]

Algeria Energy Headlines

Total extends purchase of Algeria’s LNG

France’s energy giant Total has renewed for three years the purchase of liquefied natural gas (LNG) from Algeria’s energy company Sonatrach, Trade Arabia reports. Sonatrach will supply two million tons per year of Algerian LNG to the French market, primarily through the LNG terminal at Fos Cavaou. The deal, concluded in an extremely volatile market […]

Finance Headlines Tunisia

COVID-19: France loans Tunisia €350 million

France will release €350 million loans to Tunisia to deal with the crisis caused by the coronavirus, French President Emmanuel Macron announced on Monday in Paris. “France continues to provide all its support to Tunisia, especially in the health sector through the training of health workers, the modernization of infrastructures, such as the construction of […]

Europe Headlines International Libya

France, Tunisia, others call for resumption of Libya negotiations

Paris and Tunis on Monday asked the parties in Libya to fulfill their commitments to restart negotiations under the United Nations aegis. “France and Tunisia together demand that the warring parties ceasefire and keep their commitment to resume negotiations within the United Nations framework to restore security for all, reunite Libyan institutions and start reconstruction […]