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Algeria’s political crisis bodes ill for economy

The power grab by the military after the departure of long-ruling Abdelaziz Bouteflika has aborted hopes for a transition to a civilian government, hijacking Algerians’ ambitions to a democratic state and compromising prospects for economic development amid worrisome economic indicators. Army, a kingmaker The army’s pull back from politics during the era of Bouteflika after […]

Israel-Iran: World powers’ deal with Iran worse than US and North Korea deal, PM Netanyahu

Israeli Prime Minister Benjamin Netanyahu did not wait until world powers notch a deal with Iran to slam them for caving to Iran’s demands. Speaking at a weekly cabinet meeting on Sunday, Prime Minister Benjamin Netanyahu criticized the world six powers for ignoring the consequences of a future deal with Iran. He alerted world powers […]

UNCTAD warns of social unrest amid slow economic growth in Africa

The weak growth trajectory of Africa’s three largest economies, Egypt, Nigeria and South Africa, which together account for about 60% of Africa’s GDP, could exacerbate social unrest in the region, a report by UNCTAD, the United Nations trade body, has warned. Growth prospects in South Africa and across the continent have deteriorated, which threatens to […]