tindouf camps

Algeria: $58 billion of Foreign Exchange Reserves Lost in 2 Years

Collapse of oil revenues and sharp increase in importations have caused a huge dent in Algeria’s foreign reserves with figures pointing at $58 billion loss since 2014; year of exceptional growth, the country’s Prime Minister said on Sunday. Prime Minister Abdelmalek Sellal at a tripartite meeting including government, worker’s syndicate and employers, indicated that Algeria […]

Two Moroccans on trial in Spain for attempting to join ISIS

Two Moroccan nationals appeared in the dock Monday in Spain for attempting to join the ranks of the Islamist State group (ISIS) in Syria. The men identified as Anouar Bensaddik and Abdelmounaim Bennassar face eight years in jail, Huffpost Maroc reports citing Spanish state-run news agency EFE. The defendants were arrested in February last year […]

Arab Spring Costs Region $ 15 Bln in Lost Tourism

The popular uprisings and political turmoil rocking the region of North Africa and the Middle-East since 2011 have dealt a hard blow to the sector of tourism that suffered losses going up to $ 15 billion, according to Arab Tourism Organization (ATO). At a meeting held lately in Jeddah (Saudi Arabia), ATO president Bandar Al-Fuhaid […]