Algeria’s economic foundations are showing serious cracks, including an unsustainable fiscal system, rigid economic structure, dependence on oil and mounting external vulnerabilities, the IMF warned in a new report. The budget deficit expanded to 13.9% of GDP in 2024, one of the highest in the region, the IMF said, noting that this sharp deterioration stems […]
The Tripoli-based government has targeted militants of the Islamic State group in Sirte in airstrikes and eyewitnesses have stated that the militants were hit. Defense ministry spokesman Mohamed Abdulkafi confirmed the attack and explained that “warplanes of the air force of the National Salvation government conducted air strikes last night on an internal security building […]
The United States has become Spain’s main gas supplier after it reduced substantially gas imports from Algeria following the unilateral Algerian decision of shutting down the Maghreb Europe gas pipeline (GME), the failure of Algerian regime to honor its commitment and attempts to weaponize gas supplies for geopolitical gains. Latest data published by Enagas, Spanish […]
