The slump in oil prices prompted the Algerian government to seek temporary measures to reduce the trade deficit. The most notorious among these were import restrictions that affected more than 800 products. Algeria’s protectionism has so far backfired producing counter-productive results in a country that failed to diversify its economy away from utter dependence on […]
French utility company, Engie SA, wants to sell its gas exploration units in Algeria as part of a larger plan to offer its assets in Africa and Europe in a bid to reduce its exposure to volatile oil and gas prices, Bloomberg reported. “The company is planning to sell its upstream operations globally including businesses […]
The Ministry of Defense under Libya’s Government of National Unity has announced plans to conduct targeted airstrikes against what it termed “dens of outlaw groups,” with a focus on dismantling networks involved in human trafficking and drug smuggling. Although the specific locations remain undisclosed, a public advisory issued via the government’s official Facebook page urged […]
