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Algeria’s Foreign Exchange Reserves to Shrink to $85 bln by end of 2018
The Algerian government has started to feel the heat of the falling oil and gas revenues, as the country’s foreign exchange reserves are expected to further drop to $85 billion at best, barely enough to cover 18 months of imports. The figure was recently announced by Algeria’s finance minister Abderrahmane Raouya who told MPs that […]
Libya: Turkey Second Country to Reopen Embassy
Ankara Monday announced it reopened its embassy in Tripoli, becoming the second foreign country to do so following Italy. The embassy was close more than 2 years ago following general pull-out of foreign missions in Tripoli over security concerns. “The reopening of the embassy will allow Turkey to make stronger contributions to efforts to build […]
‘The Africa We Want’: AU leaders agree on ambitious institutional reforms for Agenda 2063
An ambitious reforms plan for the African Union (AU) was laid out during a high-level meeting of African heads of state and governments on Monday (27 January), focusing on boosting peace, security, and financial independence to transform the continent into a powerhouse of development and stability. The landmark retreat of the extended bureau of the […]



