Emirates

Algeria’s FX Reserves Tumble 50 pc in Q1 2015 Raising Social Concerns

Algeria’s foreign exchange reserves plummeted by half in the first quarter of 2015 due to the fall in global crude oil prices, the country’s central bank said. The forex reserves went down by $ 19.02 billion to $159.9 billion in the first quarter of 2015, Algerian central bank added, noting that the sales of hydrocarbons […]

Russia courts Niger with nuclear power bid, challenging France’s uranium legacy

Russia has offered to build a nuclear power plant in Niger, signaling a bold move to displace France’s decades-long dominance in the uranium-rich West African nation. The proposal, announced in July, comes amid escalating tensions between Niger’s military government and Paris, and as Niamey seeks greater control over its natural resources. Despite producing 4% of […]

Boualem Sansal’s lawyer to file complaint with UN in protest for Algeria’s arbitrary detention

Four months after the detention of French-Algerian novelist Boualem Sansal, his lawyer said he will file a complaint with the UN to seek his release from an Algerian jail. Sansal was arrested on November 16 upon his return from France where he gave an interview explaining the colonial nature of Algeria’s borders, notably citing the […]