North Africa’s Economy
Covid-19: Sputnik V and Sinovac vaccines will be manufactured in Constantine, Algeria
Algeria will manufacture the Chinese coronavirus vaccine Sinovac locally, the government announced Saturday, in a country hit by rising cases and constrained by a patchy inoculation rollout. Chinese experts arrived Friday to inspect equipment destined for a factory in...
Libya’s normalization efforts at an impasse
The UN envoy for Libya, Jan Kubis, on Thursday warned of an impasse in the political, security and budgetary plans for the country, which is supposed to hold general elections on December 24 but which are looking increasingly in doubt."I am deeply concerned about the...
Tunisia’s model seaweed farming
By Kaouther Larbi Wading knee-deep in the calm waters of a lagoon, workers in northern Tunisia harvest red seaweed, in a nation dubbed a Mediterranean "trailblazer" in cultivating the in-demand plant. Red seaweed or algae is used for gelling, thickening and texturing...
Egypt’s foreign debt increases with more IMF loan
The IMF executive board on Wednesday saidit had approved Egypt's request for a $1.7 billion loan, its final disbursement under a plan aiding its recovery from the Covid-19 crisis. "The Egyptian authorities have managed well the economic and social impact of the...
Libya: In sign of reconciliation, Tripoli and Tobruk resume air link
Flights have resumed between Libya's capital Tripoli and the eastern city of Tobruk after a break of several years, as the division-plagued country takes a further step towards normalcy. A flight from Tripoli of Libya's Buraq Air landed late Wednesday in Tobruk, a...
Morocco: Israir to link Tel Aviv to Marrakesh in July
Israir will launch direct flights between Israel and Morocco's Marrakesh in July, the Israeli carrier said on Tuesday, six months after the two countries reached a US-backed normalisation deal. "The first flight will take place on July 19 from Tel Aviv to Marrakesh,"...
Economy: IMF to pump $5 billion more into Egypt
IMF staff on Tuesday announced they had reached an agreement with Egypt over an economic program that would release the final tranche of a $5.2 billion loan approved last year. Once approved by the board of the International Monetary Fund, the second performance...
Morocco is finally about to legalize use of cannabis, but not for recreational purposes yet
Moroccan lawmakers on Wednesday approved a law legalising the therapeutic use of cannabis, bringing one of the world's biggest producers of hashish a step closer to green-lighting the major reform. The lower house of parliament adopted the text on the lawful use of...
Egypt softens stance against Shoei Kisen Kaisha in compensation claim over Suez blockade
Egypt has slashed millions of dollars off its compensation claim against the Japanese owner of a megaship that blocked the Suez canal in March, the canal authority chief said late Sunday. Egyptian authorities had seized the 200,000-tonne MV Ever Given in April and...
Egypt: Suez Canal about to get bigger after stranded ship crippled traffic for nearly a week
Egyptian President Abdel Fattah al-Sisi approved Tuesday the widening and deepening of the southern part of the Suez Canal, after a stranded mega-ship crippled the critical maritime artery for six days in March. "What you heard today is about the upgrade in the...