North Africa’s Economy
Western Sahara: European court to decide if Western Sahara goods are part of EU-Morocco accords
Luxembourg, Feb 28, 2021 (AFP) - The European Court of Justice is next week to discuss EU-Morocco accords allowing Rabat to export goods from Western Sahara that are contested by the pro-independence Polisario Front. It is to hold two sessions on Tuesday and Wednesday...
Moroccans debating legalization of cannabis for medicinal use
Morocco, a country where large volumes of cannabis are grown illicitly, is considering legalising production for therapeutic use of the drug, the government said Thursday. The government has "begun to study a legislative bill relating to the legal use of cannabis," it...
Tunis Air CEO dismissed after month into job
Tunisia's transport minister on Monday fired the CEO of Tunisair, just over a month after naming her to revive the ailing national carrier's fortunes. Olfa Hamdi, an engineer educated in France and the US with experience in managing major enterprises, was dismissed...
Algeria: How corruption and bad governance destroy an entire industry
By Abdellah Cheballah - Shuttered assembly plants, jailed bosses, laid-off workers. Algeria's once ambitious plans to create a flagship auto industry have turned into a fiasco. The country's recent years of political turmoil have also seen its foreign joint venture...
Sahel: Flying to Timbuktu, anyone?
A commercial flight landed in Timbuktu on Monday for the first time since jihadists captured the fabled Malian city in 2012, launching a new link for local airline Sky Mali. Carrying a delegation including two ministers, the plane landed after making the 700-kilometre...
Sahel: Complaint against Glencore over Chad spill clears UK hurdle
A complaint by rights groups over a toxic spill at an oil site in Chad linked to the British subsidiary of mining giant Glencore has cleared a hurdle in the UK, Britain's trade ministry said. The case relates to an accident in September 2018 at the Badila oilfield in...
Egypt: first commercial flight from Qatar to Egypt in three and a half years
The first direct flights since 2017 between Qatar and its former rivals Egypt and the UAE took to the skies on Monday, following the end of a regional crisis. Egypt and the United Arab Emirates (UAE) joined Saudi Arabia and Bahrain in cutting ties with Qatar in June...
Algeria says oil and gas exports down in double-digit rates in 2020
Algeria's oil revenues collapsed in 2020, according to energy ministry figures released Sunday, exacerbating an economic crisis in the North African country which is heavily dependent on crude income. "The overall volume of hydrocarbon exports reached 82.2 million...
Algerian president approves budget with a deficit valued at 14% of GDP
Algerian President Abdelmadjid Tebboune on Thursday approved a 2021 budget which foresees a deficit of around 14 percent of GDP, the presidency said, as the oil-dependent country grapples with economic woes. Algeria's economy has been clobbered by tumbling crude...
Algeria: Another difficult year ahead, says MEA Risk
Algeria ends the year 2020 with 1,878 critical incidents, down 35.4% from 2,909 in 2019, according to MEA Risk LLC. Critical incidents are defined as events that have an impact on the stability of a region, subregion within a country or an entire country. The figure...