king Mohammed VI

Tension brews between Algiers and Bamako as President Tebboune receives Malian opposition leader

Mali has summoned Algeria’s ambassador to Bamako in protest over Algerian president Tebboune’s reception of a religious leader backing the Touareg independence rebels. President Tebboune had offered a reception in his Mouradia palace in Algiers to Mahmoud Dicko, an Imam and an opponent of the ruling men in uniform in Bamako. The reception was “an […]

Al Baraka Group Sells its Stakes in BTI to Moroccan Bank of Africa

Bahrain’s Al Baraka Group (ABG), one of the major Islamic banking and financing institutions, announced on Monday that it is exiting from two of its subsidiaries, Bank Al-Tamweel Wa Al-Inma (BTI) in Morocco and Itqan Capital, an investment company in Saudi Arabia. Its 43.6 pc stake in BTI will be sold to Moroccan Bank of […]

International Policy Digest Draws Grim Prospects for Algeria

“Can Algeria be saved?” wonders the International Policy Digest, which rang the alarm bell concerning Algeria’s explosive mix: regime opacity, ailing economy, dwindling oil revenues, widespread corruption, fragile social cohesion and lingering terrorist threat. The US political magazine points to the internal rivalry within Algeria’s military junta and its inability to reach an agreement on […]