Sharara oilfield

Algerians’ purchasing power continues to erode

The surge in inflation led to the erosion of the purchasing power of Algerians in a country suffering a shortage in foodstuff, medicine, and water. The salaries of 2010 lost half their value today amid a steep rise in prices of main grains and foodstuff, TSA and other Algerian media said. The situation has deteriorated […]

Norwegian STAR SEAFOOD to invest €100m in Mauritania

STAR SEAFOOD, a Norwegian Seafood Company, is mulling plans to inject €100 million into Mauritania’s Nouadhibou free trade area for a three-phase project that will generate more than 2,800 jobs. The chairman of the authority of the FTA of Nouadhibou (the country’s second city) Ba Abdoulaye Mamadou met Monday October 30 with representatives of the […]

Turkey: World has no idea how to end Syrian war, PM Davutoglu

“Unfortunately, the international community did not have a Plan A until now…forget plan B.” These were the words of Turkish Prime Minster Ahmet Davutoglu about Syria after a meeting with UN secretary General Ban Ki-moon in New York. He said that there is no clear idea on how to go about the war in Syria […]