Bank of Algeria

Nigeria drops to Africa’s 4th biggest oil producer, as 437,000 barrels are stolen daily

Nigeria is facing a record reduction in oil production, dropping from the first largest producer in Africa to the fourth, behind Angola, Algeria and Libya, according to the latest report of the Organization of Petroleum Exporting Countries (OPEC). The monthly oil market report for August, published by the oil cartel OPEC, showed that Nigeria’s production […]

Spanish PM welcomes Moroccan King’s speech as a “great opportunity” to redefine bilateral relations

Spanish Prime Minister Pedro Sanchez has welcomed King Mohammed VI’s Friday speech as “a great opportunity” to redefine the pillars and the parameters governing relations between Spain and Morocco, underlining that Madrid has always considered Morocco as a strategic partner of Spain, and also of the whole of the European union. “Morocco and Spain are […]

Tunisia: President extends state of emergency despite calls to end it

Tunisian President Kais Saied Monday extended the state of emergency in place since November 2015 despite recent calls by several groups to end it. The President made the decision following consultations with outgoing Prime Minister Youssef Chahed and Speaker of the Parliament Rached Ghannouchi, a statement from his office said. The new decision will come […]