Business & Economy Bound

Algeria to halt gas exports to Spain via MoroccoF

Algerian President Abdelmadjid Tebboune on Sunday ordered state energy firm Sonatrach to halt gas exports to Spain through a pipeline that traverses Morocco due to tensions with Rabat.  Algeria, Africa's biggest natural gas exporter, has been using the...
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Elusive peace: Libyan militias damage only functioning oil refinery during violent clashF

Libya's only operational oil refinery was "severely" damaged after gunmen battled for three hours around the complex, the National Oil Corporation said. "The Zawiya Oil Complex was severely damaged as a result of skirmishes by armed groups," Libya's state oil company...
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Morocco: Public investment to consumer $27 billion next yearF

Morocco will spend a record 23 billion euros ($27 billion) on public investment in the coming year to right an economy shaken by the coronavirus pandemic, the economy minister announced on Tuesday. The government is planning to "mobilise public investment of 245...
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Business: Algeria puts an end to Maghreb pipelineF

Algeria will from now on deliver its natural gas to Spain exclusively through an undersea pipeline, ministers from both countries reportedly said Wednesday, after Algiers abandoned use of a line through Morocco. In August Algeria cut diplomatic ties with its Maghreb...
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