Business & Economy Bound

Algerian state energy firm Sonatrach announced Thursday it had concluded a three-year deal with French group Engie on the price of gas it delivers through an undersea pipeline. Sonatrach and Engie reached "agreement in Algiers regarding the gas contract through the...

Petrol prices rose to record highs in Morocco on Thursday, fuelling anger among unions who demanded the government of energy tycoon Aziz Akhannouch act to protect consumers. Drivers in Morocco, which relies heavily on imported oil products whose prices have soared...

Israel and Egypt plan to boost gas exports to Europe under an agreement signed during a Cairo visit Wednesday by the European Commission president as the bloc seeks to wean itself off Russian gas. Ursula von der Leyen also pledged relief worth 100 million euros ($104...

By Ismail Bellaouali A withering drought and poor harvests plus price hikes fuelled by the war in Ukraine are threatening Morocco's fragile economic recovery and exposing structural weaknesses, experts say. The North African kingdom had bounced back last year after a...