Gaia energy

Algeria’s Tebboune in denial as currency continues its free fall

Algeria’s President Tebboune has sought to play down the dire financial and monetary conditions in the country as the currency plunged to a historic low, trading at 290 dinars per euro on the informal market. This collapse signals a deeper structural crisis in an economy crippled by hydrocarbon dependency, corruption, and chronic mismanagement. The dinar’s […]

KSA honors promise, deposits $250 million in Sudan’s Central Bank

Saudi Arabia Tuesday announced it channeled $250 million to the Sudanese Central Bank, half of the $500 million promised with United Arab Emirates (UAE) in April to ease the financial crisis in the African country. The $250 million deposit is Saudi Arabia’s contribution. The same amount was pledged by the UAE in April. The two […]

Algeria’s Prime Minister to reveal Sonatrach’s 2030 plan

Algeria’s Prime Minister, Ahmed Ouyahia, is expected to reveal national oil company Sonatrach’s 2030 plan when he presents the country’s general policy statement to parliament on February 25. According to a document published on the Premier’s website, the country’s general policy will focus on oil and gas exploration, power generation and renewable energy. Algeria has […]