Business & Economy Bound

OPEC cartel set to extend production cuts, but outlook is grimF

As the coronavirus pandemic continues to weigh on global oil demand, the OPEC oil producers' club on Monday began a meeting in which they are expected to decide on an extension of production cuts. "2020 continues to be a year of immense challenges caused by the...

Economy: Drought threatens Morocco’s agricultureF

Parched fields stretch as far as the eye can see on plains overlooking Agadir in southwestern Morocco, as precious water resources are diverted from the drought-hit agricultural heartland to households. "These trees are nearly 20 years old -- they're dead, there is no...

While Algeria needs hospitals, schools and cash, its leaders are opening Africa’s biggest mosqueF

Algeria's Grand Mosque, the world's third-biggest and Africa's largest, will host its first public prayers on Wednesday, a year and a half after construction was completed. Known locally as the Djamaa El-Djazair, the modernist structure extends across 27.75 hectares...

Dire labor market in Morocco: government chooses mass layoffs to deal with pandemic effects on businessesF

Morocco’s labor marker is in disarray. Even if you believe the government’s unreliable statistics, the country is bracing for a 15% unemployment rate by the end of this year. The projection, although bad enough, does not seem to take into account the thousands of...

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