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Equatorial Guinea: Teodoro Obiang invested for a sixth term, Morocco’s King represented at investiture ceremony

Equatorial Guinea’s President Teodoro Obiang Nguema Mbasogo, who holds the world record for longevity in power for a living head of state other than a monarch, was sworn in Thursday in Malabo for a sixth seven-year term. King Mohammed VI of Morocco was represented at the investiture ceremony by Speaker of the House of Representatives, […]

Algeria in Global Watchlist of Money Laundering & Terrorism Financing Countries

The Financial Action Task Force (FATF), a global financial crime watchdog, has included Algeria in the list of money laundering & terrorism financing countries. The FATF has made the decision during its plenary meeting held lately in Paris with the participation of delegates from the FATF’s Global Network of over 200 jurisdictions and observers from […]

ConocoPhilips leaves Algeria to Petramina

ConocoPhilips has announced the sale of its subsidiary in the North African country of Algeria in a deal worth more than a billion dollar. According to the announcement from the company, it has agreed to sell its Algerian business unit for a total of US $1.75 billion plus customary adjustments to Pertamina. The deal involves […]