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Algeria’s Foreign Reserves Dwindle to $114 bln by end of 2016

Algeria’s finances have been severely battered by the slump in oil prices, dwindling from $178 billion in 2014 to $114 billion by the end of 2016, Algerian Prime Minister Abdelmalek Sellal said. Speaking to state television, Sellal set the tone for appeasing worries saying that the situation is under control as criticism mounts over the […]

Washington: Morocco, U.S. Key partner in countering violent extremism & ISIS terror threat

Morocco is “a critical partner” of the U.S. in countering violent extremism and terror threat in the Sahel and across Africa, said on Monday Ms. Dana Stroul, deputy Assistant Secretary of Defense. Speaking at a special online briefing with Major General Matthew McFarlane, Commander of Combined Joint Task Force – Operation Inherent Resolve, Ms. Stroul […]

Morocco to Renew Gas Supply Deals with Algeria

Algeria will continue to supply gas to Morocco through the Maghreb-Europe pipeline as the two countries prepare to renew a contract that will expire in 2021, Algerian Energy Minister Mustapha Guitouni told Reuters. Morocco will take full ownership of the pipeline that channels gas to Spain in 2021, the Algerian minister said following talks with […]