Latest Briefs - Page 10
591 articles
UBCI accelerates asset and profit growth in Tunisia banking sector
UBCI has posted double-digit growth in assets, loans, and deposits for H1 2026, with net profit up nearly 10 percent. The bank's expansion signals renewed confidence in Tunisia's financial sector and its role in supporting economic activity.
Chinese Automotive Investment Transforms Morocco into Europe Facing Hub
Morocco is rapidly becoming the primary gateway for Chinese automakers and suppliers targeting Europe, with record investment in battery and component factories. This shift is redrawing the competitive map for the automotive industry across the Mediterranean.
India and Morocco launch joint defence committee to deepen military ties
India and Morocco have activated a new phase in their defence partnership with the first Joint Defence Committee meeting in New Delhi, targeting expanded cooperation in military training, cyber defence, and defence industry collaboration as the 70th anniversary of ties approaches.
India and Morocco move to joint defence projects after New Delhi summit
India and Morocco have advanced their defence partnership by launching their Joint Defence Committee in New Delhi, setting the stage for joint projects, technology sharing, and deeper military-industrial ties ahead of the 70th anniversary of diplomatic relations.
Morocco launches national AI strategy with bold economic targets
Morocco has moved from planning to implementation on its national AI strategy, targeting 100 billion dirhams in GDP value and 50,000 jobs by 2030, with a focus on digital sovereignty and homegrown innovation.
Algeria launches tender to connect 3000 remote areas to mobile networks
Algeria's telecom regulator has opened a national tender to extend mobile wireless coverage to 3000 underserved areas, aiming to close the digital gap and enable internet access for isolated communities long left behind by infrastructure investment.
Libya seeks Chinese partnership for reconstruction and technology investment
Libya is actively courting Chinese investment and technical know-how to drive its reconstruction and development agenda, with a focus on water resources and artificial intelligence. High-level talks in Tripoli signal a push for deeper bilateral cooperation and concrete project delivery.
Morocco's Left Alliance unveils $53 billion plan for sweeping social reforms
Morocco's Left Alliance has launched a $53 billion election program promising 431 measures, including a unified minimum wage and expanded social support, as rival parties escalate spending pledges ahead of the 2026 parliamentary elections.
SLB commits to deeper investment in Libya oil sector partnership
SLB has declared it will not scale back in Libya and instead plans to expand investment and operations to support the National Oil Corporation's production ambitions, as NOC leadership demands concrete long term commitments amid rising competition.
Ceuta leader demands EU action as migrant influx overwhelms city
Ceuta's president Juan Jesús Vivas has broken with Madrid and urged the EU to confront Morocco and fund urgent border security, warning that the Spanish exclave faces collapse after 80,000 migrants entered in a single day and over 150 died at sea.
UN Security Council backs Libya election deal as fragile trust tests progress
Libya's rival political blocs have struck a UN-brokered deal to overhaul the elections commission and set a two year deadline for national polls. The UN Security Council is urging rapid implementation but warns that public trust and women's participation remain at risk.
Guinea-Bissau targets Moroccan investment with economic promotion drive
Guinea-Bissau has launched a week-long economic promotion campaign in Morocco, aiming to attract Moroccan investment and forge new business partnerships across infrastructure, agriculture, energy, tourism, and finance. The initiative signals a strategic effort to reposition Guinea-Bissau as a credible partner for Moroccan capital and expertise.
India targets Algerian mining sector for strategic technology partnership
India is moving to deepen its economic footprint in Algeria by prioritising technology transfer and joint ventures in the mining sector, as Ambassador Swati Vijay Kulkarni calls for a concrete action plan to modernise Algeria's mineral value chain.
Tunisia Faces Rising Debt as Fitch Maintains B Minus Rating
Fitch Ratings has kept Tunisia's sovereign rating at B minus with a stable outlook, highlighting the country's ability to withstand external shocks but warning of persistent fiscal deficits and mounting government debt that far exceed regional peers.
Tunisian journalists rally as Mohamed Yousfi faces charges over critical reporting
The arrest of Mohamed Yousfi, editor of Al-Qatiba, has triggered protests in Tunis and drawn condemnation from rights groups, as journalists warn that fabricated charges are being used to silence critical reporting under President Kais Saied.
Greece and Denmark back Morocco autonomy plan for Western Sahara
Greece and Denmark have publicly endorsed Morocco's autonomy plan for Western Sahara, aligning with UN Resolution 2797 and the EU position. Their stance signals a shift in European consensus and opens new channels for economic cooperation with Rabat.
North Africa Bank to enable direct Alipay payments from Libya to China
Libya's North Africa Bank is set to launch a direct payment service to China via Alipay, allowing Libyan account holders to make mobile transactions for Chinese goods and services. The move signals a new phase in Libya's financial connectivity with Asia.
Libya imposes flour price ceiling to stabilise bread market
Libya has set a maximum price of 280 dinars per qintar for flour sold to bakeries, aiming to curb bread price volatility and address subsidy abuse. The move follows a summer of shortages and signals tighter state-market coordination.
Libya Faces Critical Deadlines as US Support for UN Election Deal Is Tested
Libya's rival political and security factions have signed a UN-brokered agreement to resolve the election deadlock, but the next two months will reveal whether US and international backing translates into real leverage or remains empty rhetoric.
Libya denounces Houthi strikes targeting Saudi cities
Libya has issued a forceful condemnation of Houthi attacks on multiple southwestern Saudi cities, declaring full support for Saudi Arabia's right to defend its territory and calling for stronger regional security coordination.
Algeria deploys military power to secure Niger border after coup threat
Algeria has escalated its military involvement in Niger, deploying fighter jets and helicopters to support the junta after a failed coup attempt. The move signals a shift in Algiers' Sahel strategy and raises the stakes for regional security and energy infrastructure.
UN faces pressure to halt resource-driven transformation in Western Sahara
Western Sahara Resource Watch is urging the UN to intervene as Morocco's exploitation of Western Sahara's fisheries, phosphates and renewables accelerates, warning that unchecked economic development risks locking in realities before self-determination is achieved.
Morocco secures Synhelion synthetic fuel plant in Tan-Tan
Morocco has landed a major clean-energy investment as Synhelion signs a deal to build a synthetic fuel plant in Tan-Tan, aiming for 100000 tonnes of renewable fuel annually and positioning the country as a regional green industry hub.
Azerbaijan and Algeria set 2027 for high-stakes energy and trade summit
Azerbaijan and Algeria have locked in early 2027 for their inaugural joint commission meeting in Baku, aiming to formalize expanding energy, trade, and technical ties. The move signals a calculated push to leverage OPEC+ alignment and deepen state company partnerships.
Morocco's crackdown on philosophy reshaped education and empowered Islamists
Morocco's campaign to suppress philosophy education under Hassan II fundamentally altered the country's intellectual landscape, clearing the way for conservative and Islamist dominance in schools and leaving a legacy that continues to shape Moroccan society.
Libya launches crackdown on bakery subsidies after bread crisis
Libya's government is rolling out a sweeping electronic and field-based monitoring system for bakeries, aiming to end chronic bread shortages and stamp out subsidy abuse after this summer's supply crisis exposed deep flaws in the country's food security model.
Algeria China Trade Surges as Direct Air Link to Shanghai Announced
Algeria and China have recorded $9 billion in trade in just six months of 2024, a 28% jump over last year. The imminent launch of a direct Algiers-Shanghai air route signals intensifying economic and strategic cooperation.
Indian Exporters Target New Sectors in Algeria as Trade Diversifies
Indian exports to Algeria are rapidly expanding beyond traditional goods, with engineering, pharmaceuticals, and agri-food products now leading the charge. This shift is opening new commercial opportunities for Indian businesses seeking a foothold in North Africa's evolving markets.
Algeria redraws its security map with fighter jet deployment in Niger
Algeria's unprecedented deployment of Su-30 jets to Niger marks a decisive shift in its security doctrine, linking military presence to energy investments and signaling that instability in the Sahel now falls within Algiers's strategic perimeter.
Moroccan Startup One Med Link Targets Hospital Data Bottlenecks with AI Platform
One Med Link is rolling out an AI-powered platform designed to streamline clinical workflows and structure health data in Moroccan hospitals, aiming to address inefficiencies and underrepresentation of African data in global medical research.
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