Tag: Mediterranean coast
Algeria Finance Headlines

Budget crisis, Structural Challenges Delay Completion of Algeria’s Mega Mosque

North Africa PostComments Off on Budget crisis, Structural Challenges Delay Completion of Algeria’s Mega Mosque

The plummeting oil prices propelled Algeria in an economic crisis marked by a sharp decrease in exports and a deepening budget deficit threatening to halt several mega projects in the country, chief among which is Algeria’s mega mosque. In 2011, when global oil prices were at their peak, works started to build the mosque overlooking […]
Business Headlines Morocco

Morocco’s Port of Nador Gets BERD Financial Support

North Africa PostComments Off on Morocco’s Port of Nador Gets BERD Financial Support

The European Bank for Reconstruction and Development (EBRD) has announced a €200 million loan to state-owned “Société Nador West MED” to enable it finance the basic infrastructure for a new port on the Mediterranean coast of Morocco in the city of Nador. The development of the port is a major boost for eastern Morocco and […]