Rabat – Moroccan Minister of Agriculture, Sea Fisheries, Rural Development, Waters, and Forests Aziz Akhannouch led a delegation to the WestMed conference yesterday, held in Algeria this year.WestMed began in 2016 and is an annual meeting by Algeria, Spain, France, Italy, Libya, Malta, Morocco, Mauritania, Portugal and Tunisia that focuses on working towards the economic, political, and environmental improvements in the western Mediterranean region. One of the main goals set by the organization is to develop a “blue economy,” one that sustainably uses resources from the sea, by 2022. The EU lauded the goal, especially after Spain and Portugal were asked earlier this year to reduce their overfishing of sardines in 2019, due to depleting global populations. Read Also: Foreign Ministry Announces Official Delegation for Western Sahara TalksAlthough the focus of the conference was on international maritime cooperation, Akhannouch’s trip to the Algerian capital also occurred as upcoming talks involving the two countries loom. The countries have been at odds for decades, especially over the sensitive issue of Western Sahara. The Moroccan-Algerian border is now extremely militarized with increasing tensions, prompting alarm and calls for calm in the international community. In the past, Morocco has accused Algeria of attempting to isolate the country from the Maghreb, as well as funding the rebellious Polisario movement, but King Mohammed VI wants to turn over a new leaf, calling for constructive talks in November between the two countries, in an attempt to thaw the icy relationship between the two nations. The UN voiced support for talks, but Algeria has not officially responded to the King’s offer.Meanwhile, the two countries are scheduled to meet tomorrow and Thursday, December 5-6, at a UN roundtable in Geneva for talks on Western Sahara. Mauritania and Polisario will also attend the talks, called by Personal Envoy of the UN Secretary-General Horst Kohler.
Comments are closed. Barclays chases growth by doubling bonusesOn 19 Nov 2002 in Personnel Today Barclays Bank has doubled the amount of money it is investing in staffbonuses to help it meet its ambitious plans for growth. The bank aims to double its value every four years and has changed its bonusstructure in a bid to achieve this objective. All staff are eligible to receive a bonus connected to the company’sperformance against its key objectives. The bank also operates a profit share scheme that pays out up to 9 per centof staff salaries. Jeremy Orbell, executive director of reward at Barclays, told delegates atthe conference last week that the company’s new bonus structure has at leastdoubled the amount of money the company spends on bonuses. He revealed Barclays staff are now eligible for bonuses of up to 40 per centof salary in most cases – and as high as 100 per cent for senior staff –whereas in the past, it only used to award bonuses of between 10 and 20 percent of salary. Orbell said the improved bonus scheme was introduced to improve staffretention. “Retention of key people by direct compensation and/or otherequity is a key issue,” he said. “Cash is still king. It is very important that the annual bonus isflexible and linked to performance criteria.” Previous Article Next Article Related posts:No related photos.