INSEAD Day 4 - 728x90

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

Alujain widens 2025 loss

The increase in loss is due to impairment charges, weaker prices.

Algeria severs diplomatic ties with Morocco

  • Algeria blamed the Moroccan support for one of the groups which seeks autonomy in Algeria's Kabylie region
  • Historically, the relations between North African neighbours have been strained

The Algerian government says it is cutting ties with Morocco because of “hostile actions”, Foreign Minister Ramdane Lamamra told a news conference on Tuesday.

Since 1994, Algeria’s border with Morocco has been closed due to the Western Sahara issue, which has strained relations between the two countries for decades.

“The Moroccan kingdom has never stopped its hostile actions against Algeria,” he said, quoted by Reuters.

Lamamra  added that the cutting of diplomatic relations would be effective from Tuesday but consulates in each country will remain open.

He blamed the Moroccan support for one of the groups which seeks autonomy in Algeria’s Kabylie region adding  that Rabat had failed to meet bilateral obligations including over Western Sahara.

Algeria supports the Polisario movement that seeks independence for Western Sahara, which Morocco regards as  its integral part.