economy upfront Bound

Energy: Algeria set to increase prices of natural gas delivered to SpainF

Algerian state energy firm Sonatrach has agreed with Spanish buyer Naturgy to revise prices on gas deliveries through a key undersea pipeline, it said Thursday, as Europe gears up for a winter energy crunch. "Sonatrach and its partner Naturgy have agreed to revise the...
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Morocco takes new steps to bring to market cannabis for medicinal useF

The Morocco government issued for the first time on October 4, 2022, 10 permits to legally roll out the cannabis use for medicinal purposes. A regulatory agency ANRAC was set up to issue such permits and monitor the sector’s activities, from cultivation and processing...
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Libya’s eastern government signs oil and gas exploration deal with Turkey, rival government rejects itF

Turkey's foreign minister signed a deal in Libya's capital Monday allowing for oil and gas exploration in Libya's Mediterranean waters, three years after a maritime border deal that angered European nations. "We've signed a memorandum of understanding on exploration...
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Economy: Morocco’s central bank ups interest rates to slowdown surge in inflationF

Morocco's central bank on Tuesday raised interest rates by 50 basis points to 2.0 percent in an effort to slow down a surge in inflation. The Bank Al-Magrib (BAM), after a board meeting, said the economy remains "deeply marked by the aftermath of the (coronavirus)...
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