The European Investment Bank announced the provision of a new loan to Morocco worth €500 million ($578 million) to support the reconstruction of areas affected by the Al Haouz earthquake, raising its total funding allocated for this operation to €1 billion, amid growing questions and criticisms regarding the management of funds directed to the affected and the progress of reconstruction projects nearly three years after the disaster. The bank, the financing arm of the European Union, clarified that the new funding will be allocated to support essential infrastructure, including roads, schools, and health facilities, in areas that suffered severe damage due to the earthquake that struck Morocco in September 2023, resulting in over 2,900 deaths and thousands affected.
Algeria ranked first among naphtha suppliers to the Republic of Korea in the first half of 2026, with a share of over 17 percent of the country's imports, according to data from the Korea International Trade Association (KITA).
Algeria ranked first among naphtha suppliers to the Republic of Korea in the first half of 2026, with a share of over 17 percent of the country's imports, according to data from the Korea International Trade Association (KITA).
Algeria and Saudi Arabia explored ways to develop financial markets and enhance innovation and financial services during meetings that brought together stakeholders in the Algerian financial market and representatives from the Saudi Financial Market Authority, as part of the work of the Trade and Economy Committee stemming from the Algerian-Saudi High Coordination Council. The meetings were held at the headquarters of the Commission for Organizing and Monitoring Stock Exchange Operations (COSOB) and via videoconferencing, providing an opportunity to exchange experiences and practices in several areas related to the development of financial markets. Read the full content on Echourouk Online.
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