Algeria: Banks to re-schedule Coronavirus-hit companies’ loan instalments

Algeria’s central bank Tuesday issued a stimulus package including ability for retail lenders to defer loan payments for firms, which have been financially affected by the coronavirus crisis. Banks will continue to finance customers benefiting from loan payment deferrals, while reducing their minimum liquidity requirement to raise funding levels. The North African country has been […]

Libya: Explosion rocks Misrata industrial zone, six injured

A powerful explosion struck the Skeerat area near Misrata’s industrial zone, about 200 kilometres east of Tripoli, on Sunday, August 31, local media reported. The cause of the blast has not yet been confirmed, but witnesses said burning shells and shrapnel fell over nearby residential areas, forcing evacuations. Security forces quickly sealed off access roads […]

Why Family of Late Polisario Chief Mohamed Abdelziz Moved To Spain?

Following the death of the long-serving Polisario ringleader Mohamed Abdelaziz, his family is believed to have left the Tindouf camps (southern Algeria) to live in Spain, according to press reports. Such a move has raised many questions over the reasons behind such relocation. Is it voluntary or compulsory? It is a sign of a rift […]