regional conference on oases promotion in North Africa & Mauritania

IMF and WB urge Algeria diversification

Algeria has been urged to diversify its economy which is heavily based on revenues generated from oil exports. This remark was made during the periodic assessments of the Algerian economy in the current year which has just a few days to go. The International Monetary Fund (IMF) and World Bank (WB) did show their satisfaction […]

Libya: Presidential council seeks another week to name cabinet

Libya’s presidential council formed under the Libya Political Agreement (LPA) signed in Morocco in December has requested that the deadline to name a new cabinet be extended for a week, claiming it “needs more time” to discuss the formation. Prime Minister Fayez Al Sarraj was asked to reduce his 32-member cabinet that he presented to […]

Tough Days Ahead for Algeria’s Currency

The health of Algeria’s currency, the dinar, has always been measured against oil prices. The end of the era of expensive oil in late 2014 has sent the dinar dwindling in value as Algeria continues to squander its oil mantra avoiding painful reforms to diversify its economy. Since the beginning of this year, the dinar […]