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UAE: $25 billion investment to reach 3.5m bpd by 2017-2018
Qasem Al-Kayoumi, manager of ADNOC’s offshore division of the exploration and production directorate has revealed that Abu Dhabi has a $25 billion investment plan for the next five years in order to boost the oil production capacity of its offshore fields. The United Arab Emirates (UAE) produces around 2.8 million barrels of crude oil per […]
Algeria spikes defense budget to $21.6 bln
As Algerians continue to suffer in long queues for basic goods, the military regime in Algeria has allocated its defense department a bloated budget of 21.6 billion dollars in 2024, up from 19 billion this year. The army thus widens the gap with other departments as the largest spending sector, mirroring its position as a […]
New debacle for Algeria in African Union’s Peace and Security Council elections
Algeria’s foreign minister Ahmed Attaf returned empty handed from the African Union Peace and Security Council elections in Addis Ababa, where Algeria failed to take Morocco’s seat. The resounding defeat in the election of the African Union most important body reflects the inaudible voice Algeria has in a rapidly developing continent, where rhetoric is no […]



