EBRD

Bill of Imported Refined Products Rises to $2.5 billion in Strikingly Oil-rich Algeria

Algerian authorities are alarmed by the rising bill of refined products, which hit $2.5 billion in 2017 up from 800 million in 2016 due to a surge in domestic demand and lack of national refining industry. As Algeria feels the heat of an economic and financial crisis propelled by the oil price plunge, the country […]

Morocco targets non-permanent UN Security Council Seat to bolster strategic partnerships

Morocco is intensifying its diplomatic efforts as it prepares to seek a non-permanent seat on the United Nations Security Council, a move expected to reinforce its strategic partnerships and global positioning, according to a foreign ministry report. The Kingdom is on track to sign 645 international agreements, treaties, and protocols in 2026, up from 630 […]

Algeria’s obsolete rhetoric increasingly inaudible in forward-looking Africa

Algeria’s aged and ailing military regime is still bogged down in a cold-war mentality that made the country diplomatically and politically isolated more than ever. The recent maneuvers at the TICAD Japan-Africa summit once again shows the fading voice of Algeria on the continent. Algeria has squandered its oil and gas wealth to buy positions […]