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Tunisia reveals terrorist group behind political crisis

The Interior Minister, Lofti Ben Jeddou, claimed that Ansar al-Sharia is behind the killings of Mohamed Brahmi and Chokri Belaid. He presented proofs to back his claim before announcing that the objectif of Ansar al-sharia is to establish an Islamic emirate in North Africa. Ansar al-Sharia is an organization of ultraconservative Muslims known as the […]

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 […]

Abu Dhabi Islamic Bank plans Morocco and Algeria expansion

Abu Dhabi Islamic Bank PJSC, the United Arab Emirates’ second-biggest shariah-compliant lender, is planning expansion in Africa markets to tap demand in countries with a large Muslim population. In Africa, The bank has “looked closely” at Algeria and Morocco, Chief Executive Officer Tirad Mahmoud told reporters. “We are actively visiting locations where we may be […]