Algeria’s crude oil, Saharan blend, dropped below production costs and is now sold at a loss at $11.72 per barrel boding ill for the country’s struggling finances. Oil prices have plunged across the globe due to shortage of demand as the lockdown reduced economic activity worldwide. Analysts expect oil prices to remain at their lowest […]
The Egyptian government Wednesday approved temporarily a draft decree exempting travelers who bring gold from customs duties and other fees except value-added tax (VAT), reports say. The draft is applicable to semi-manufactured gold, gold prepared for currency-trade, and jewelry parts made or coated with a layer of precious metals. It is however unclear how much […]
US ambassador to Guinea Conakry has said his country will not back President Alpha Conde should he seek a third term in office as rumors in the country point out the Guinean leader is mulling plans to amend the constitution to this end. Speaking last week in “Les Grandes Gueules”, a popular radio show, Dennis […]
