Economy
Morocco allocates $95m for tourism sector development
2008-11-19
The Moroccan government has earmarked $95m for tourism development in 2009, Tourism and Handicraft Minister, Mohammed Boussaid said on Monday (Novemb...
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IMF: Algeria's economy insulated from global financial crisis
2008-11-16
Algeria will not be significantly affected by the world financial crisis but should adopt flexible economic policy to offset a drop in oil revenues,...
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New Moroccan budget boosts funding for social programs
2008-10-28
To offset the impact of the current global economic downturn on Moroccan citizens, the country plans to increase social spending in its 2009 budget, particularly for education and health.
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Algeria passes 2009 budget
2008-10-24
The 2009 finance bill adopted Thursday (October 23rd) by the Algerian parliament increases state spending 6.3 % to 5,191 billion dinars, APS reported...
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Algerian trade surplus reaches $35.17 billion
2008-10-21
Algeria has achieved a trade surplus of $35.17 billion, up 56.47% year on year between January and September 2008, the National Data Processing and S...
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Morocco allocates $60m to boost exports
2008-10-21
Morocco has earmarked more than $60m to promote exports, Minister of Foreign Trade Abdellatif Maazouz announced on Monday (October 20th). The governm...
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Tunisia watchful but unafraid of global financial crisis
2008-10-15
Tunisia has no reason to fear the global financial crisis, government officials say. Economic experts disagree.
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Algerian government reassures people on financial stability
2008-10-10
Algerian officials say the country will not be affected by the global economic crisis due to their financial strategy, but experts fear negative effects.
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Global economic crisis triggers bear market in Morocco
2008-10-09
Despite efforts by the government and banking officials to downplay the country's risk of impact from the current global economic crisis, Morocco's stock market has suffered a hit in recent weeks.
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Algeria protected from global crisis, finance officials say
2008-10-06
Algeria is not only safe from the global financial crisis, it will actually benefit, local and international press quote Financial Minister Karim Djo...
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"Weak" Moroccan economy insulated from global financial crisis
2008-09-30
The Moroccan financial sector is safe from the shocks witnessed recently in the United States and Europe, according to the director of the nation's central bank. Abdellatif Jouahri said the Moroccan economy is less exposed to risk because it is less advanced than the economies of developed nations.
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Morocco's central bank raises key interest rate to 3.5%
2008-09-24
In a move reflecting Morocco's growing concerns over short-term inflation, the central bank raised the benchmark interest rate to 3.5% on Tuesday (Se...
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Moroccan government brings in plan to reduce trade imbalance
2008-09-22
As imports grow faster than exports, Morocco's trade balance is fast increasing. The government has announced a plan aimed at curbing the growing imbalance.
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Algeria's trade surplus up 45%
2008-09-22
Algeria's trade surplus for the first eight months of the year reached $29.03 billion, up 45% in comparison with the same period last year, APS repor...
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Moroccan government seeking ways to support middle class
2008-09-17
The Moroccan government has announced plans to establish a committee dedicated to furthering the development of the middle class. Rising costs of living have steadily eroded this stabilising sector of society.
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Mauritania junta leader fires economic advisor
2008-09-14
Mauritania junta leader General Mohamed Ould Abdel Aziz dismissed the chairman of the country's Economic and Social Council on Saturday (September 12...
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Tunisia, South Africa discuss strengthening economic co-operation
2008-09-10
Tunisian President Zine el Abidine Ben Ali and South African Foreign Minister Nkosazana Dlamini-Zuma met Tuesday (September 9th) in Carthage to discu...
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Algerian business leaders seek to quell speculation
2008-09-02
The executive council of Algeria's Forum of Business Leaders (FCE) plans to meet on Wednesday (September 3rd) to assess recent investment legislation...
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Strong Algerian economy could prompt revaluation of dinar
2008-09-01
The International Monetary Fund (IMF) is encouraging the Algerian government to revalue the dinar to reflect the country's booming economy, Tout sur...
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Algeria's 2009 budget includes no new taxes
2008-08-27
Algeria's 2009 draft budget includes no new taxes, APS quoted Communication Minister and Government Spokesman Abderrachid Boukerzaza as saying Monday...
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Morocco leads Mediterranean micro-finance market
2008-08-18
Morocco is the largest market for micro finance in the Mediterranean region, the Facility for Euro-Mediterranean Investment and Partnership (FEMIP) s...
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Morocco's public savings exceed $2 billion in five months
2008-08-12
Morocco achieved $2.2 billion in public savings and a budgetary surplus of $900 million in the first five months of the year, MAP reported on Monday...
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Tunisia leaves interest rate at 5.25%
2008-07-29
In line with market expectations, Tunisia's central bank decided to keep its key interest rate unchanged at 5.25%, local press reported on Monday (Ju...
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Moroccan economy thrives despite global downturn
2008-07-25
With current economic indicators and forecasts strong for Morocco, business and industry leaders say that partnerships between the country's public and private sectors are paying off.
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Algeria's trade surplus reaches $22.6 billion
2008-07-21
Algeria achieved a trade surplus of $22.62 billion during the first six-month period of 2008, up 51.07% in comparison to the same period last year, l...
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