terrorism financing

Italy’s ENI to Stand Trial in Algerian Corruption Case

An Italian judge ordered Italian oil major Eni, oil services group Saipem and former Eni CEO Paolo Scaroni to stand trial  in a long-running case of alleged bribery in Algeria “In relation to court proceeding for the alleged bribery case relating to Saipem’s activities in Algeria, Eni acknowledges that the new GUP (judge for the […]

Algerian illegal migrants flood Spain

In recent days, thousands of Algerian migrants arrived in Spanish coasts after risking their lives through tumultuous waters to escape hardship in their country. No less than 10,000 Algerians embarked to Spain in September alone compared to 11,000 in the whole year of 2020. This sets a new record that reflects the worrying conditions suffered […]

Algeria’s energy revenues to plunge by $10 bln deepening financial crisis

Algeria’s oil and gas revenues will be reduced by $10 bln to $23 billion as the country struggles with a surge in spending in a heavily subsidized economy. Algerian officials rang the alarm bell as to the deteriorating financial indicators as a result of dwindling energy revenues which represent more than 90% of exports. To […]