OCP-Symphos 2019

Algeria Continues to Reel under Impact of Oil Prices Fall-IMF

Despite a sizable fiscal consolidation in 2017, the fiscal and current account deficits remain large in Algeria, which continues to face important challenges posed by the fall in oil prices four years ago, the IMF said. The fall in oil revenues was mostly felt in Algeria’s reserves which fell by $17 billion to $96 billion […]

Libyan parliamentary committee refuses to set new date for elections

A committee of the Libyan Parliament refused Monday to set a new date for the presidential election initially scheduled for December 24 before being postponed, leaving the fate of this crucial vote unclear. During a long-awaited session of the Parliament, held on Monday in Tobruk (east), this commission in charge of monitoring the elections presented […]

Algeria’s decision to cut diplomatic ties with Morocco described as derisory, hasty, and harmful to Maghreb Unity

Algeria’s unilateral decision to severe diplomatic relations with Morocco has been deplored by several countries, international organizations and analysts as harmful to the interests and stability in North Africa. In this context, the French government had expressed its regret over the Algerian hasty decision, calling for restraint and a return to dialogue, urging Algeria to […]