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Algeria’s diplomatic spat with Spain spills over to economic ties

Algeria has demonstrated that it is the main party in the Sahara issue by recalling its ambassador from Spain after Madrid supported Morocco’s autonomy plan for the territory, in a diplomatic escalation that spilled over to trade. Spanish ABC paper said Spanish exports to Algeria dropped 93%, while gas was all that Spain imports from […]

Algeria risks economic decline as barrel drops below $60

The already fragile economic and financial conditions in Algeria are expected to worsen as oil, the country’s main export, drops below $60 per barrel. Oil markets plunged following Trumps tariffs that triggered fears of a global slowdown and reduced demand for oil and gas, whose prices have also declined. Oil and gas represent the bulk […]

Africa pays price as global powers jostle for its gas and critical minerals

Europe is increasingly turning to Africa to find alternatives for Russian energy supplies it has shunned since the start of the war with Ukraine, while the United States, China and Russia are racing for economic influence on the continent. These four global powers are in a race to win over Africa, the continent’s market of […]