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Algeria’s Foreign Reserves Dwindle to $114 bln by end of 2016

Algeria’s finances have been severely battered by the slump in oil prices, dwindling from $178 billion in 2014 to $114 billion by the end of 2016, Algerian Prime Minister Abdelmalek Sellal said. Speaking to state television, Sellal set the tone for appeasing worries saying that the situation is under control as criticism mounts over the […]

Algeria hits back after Morocco King’s speech

The diplomatic tussle between Algiers and Rabat is showing no signs of dying down after the Algerian foreign minister urged Moroccan authorities to be up to the task. Minister Ramtane Lamamra called on Morocco to act accordingly after a trespasser scaled the Algerian consulate walls in Casablanca and tore its flag. Morocco and Algeria are […]

OIC hails Palestine-Vatican ties, Israel wants negotiations to resume

A comprehensive agreement signed by Palestine and the Holy See has been applauded by Iyad Ameen Madani, Secretary-General of the Organization of Islamic Cooperation (OIC). During the signing ceremony, Vatican’s foreign minister Archbishop Paul Gallagher hoped that the agreement will serve as a “stimulus to bringing a definitive end to the long-standing Israeli-Palestinian conflict, which continues […]